Swan Bitcoin CEO and founder Cory Klippsten has stated that he expects Bitcoin (BTC) to surpass the $125,000 mark in 2026, reaching an all-time high.
Appearing on CNBCâs âFast Moneyâ program, Klippsten discussed recent developments in the cryptocurrency market and Bitcoinâs future price movements. Recalling that Bitcoin has recently traded between $85,000 and $91,000, Klippsten painted a rather optimistic picture for the coming year.
Klippsten, referring to Bitcoinâs historical four-year cycles where it peaked in 2013, 2017, and 2021, stated that the failure of the expected âastronomicalâ rise in 2025 to materialize could actually be a positive sign. Unlike the sharp declines that followed major surges in the past, Klippsten argued that this time, institutional and government-level demand is supporting the market.
Klippsten stated, âBitcoin adoption is a one-way street; once people get in, they usually donât get out. Therefore, I see a more than 50% chance of seeing a new record in 2026 and expect the price to rise above $125,000.â
The program also discussed some mining companies (like Core Scientific) shifting their focus towards artificial intelligence (AI) and high-performance computing (HPC). Klippsten argued that this shift in minersâ focus would not negatively impact the security or price of the Bitcoin network. Stating that the mining sector is always dynamic, the CEO said, âHash rate and mining costs are indicators that follow the price. This only creates new opportunities in the market.â
*This is not investment advice.