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The latest banking crisis could lead to “the first-ever extended duration bull market” for Bitcoin (
$76,119.00 ) (BTC), according to Swan Bitcoin (
$76,119.00 ) CEO Cory Klippsten.
In an interview with Cointelegraph, Klippsten pointed out that far more people today know about Bitcoin (
$76,119.00 ) as a tool to opt out of the traditional financial system than during the previous banking crisis, which engulfed Cyprus in 2013.
That means the next Bitcoin (
$76,119.00 ) bull could potentially last for two to three years, instead of just a few months, thinks Klippsten.
According to Klippsten, Bitcoin (
$76,119.00 ) is not threatened by the current regulatory crackdown in the United States, which he sees as a natural backlash after last year’s FTX collapse. The Bitcoin (
$76,119.00 ) maximalist supports the Securities and Exchange Commission’s view on altcoins — that they should be regulated as securities. “To want to have security regulation for thee, but not for me, which is what the altcoin industry wants, [..] I think it is just hypocritical,” he said.
Klippsten welcomed the latest Commodity Futures Trading Commission’s lawsuit against Binance, which he sees as a net positive for Bitcoin (
$76,119.00 ) . According to Klippsten, centralized exchanges like Binance have been slowing down the adoption of Bitcoin (
$76,119.00 ) by promoting altcoins, which he sees as mainly “pump and dump schemes.”
“The primary marketing activity of Coinbase and of Binance is to market altcoins […] Altcoins in particular since 2017 have siphoned away demand from Bitcoin (
$76,119.00 ) ,” he said.
To learn about a Bitcoin (
$76,119.00 ) maximalist’s view on the current banking crisis and the U.S. crackdown on crypto, check out the full interview with Klippsten on our YouTube channel, and don’t forget to subscribe!









