Swan Bitcoin CEO Lowers Odds of New All-Time High

Swan Bitcoin CEO Cory Klippsten has made headlines recently with his revised estimate of the odds of Bitcoin reaching a new all-time high in 2026. In an interview published on May 27, Klippsten stated that he would now put the probability at around 20% to 25%, down from his previous estimate of around 50%. This reduction is attributed to the decline in the price of Bitcoin since it reached its peak near $95,000 earlier this year.

Klippsten's revised estimate is based on the current market conditions and the performance of Bitcoin over the past few months. He pointed out that despite the decline in the price of Bitcoin, retail demand remains strong, driving up the supply of the cryptocurrency. Klippsten emphasized that institutional activity has not replaced retail as the main driver of Bitcoin demand.