Bringing Back The Bitcoin Bull Market | Cory Klippsten — Key Takeaways
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Bringing Back The Bitcoin Bull Market | Cory Klippsten
What Bitcoin Did1h 10mJul 28, 2026
Watch the originalBitcoin's next bull market requires broad self-custody adoption, not institutional ETF buyers — Swan's RBX product converts GBTC (1.5% annual fee) to zero-fee self-custodied Bitcoin while maintaining cost basis and deferring capital gains.
Key takeaways
GBTC holders paying 1.5%/yr in fees for inferior price exposure when onchain conversion exists
GBTC holders paying 1.5%/yr in fees for inferior price exposure when onchain conversion exists
- Swan RBX converts spot Bitcoin ETF shares to real onchain Bitcoin in-kind, designed to maintain cost basis and defer capital gains tax.
- Holding GBTC long-term means paying perpetual management fees with no self-custody rights and no ability to withdraw.
Minimum 90% of Bitcoin exposure should be real onchain BTC; LBEs are a small speculative trade at best
Minimum 90% of Bitcoin exposure should be real onchain BTC; LBEs are a small speculative trade at best
- Leverage Bitcoin Equities (Strategy, Strive) carry keyman risk, liquidity risk, regulatory risk, and tracking error on top of Bitcoin price risk.
- If LBEs won't outperform Bitcoin over a long arc, there is no reason to hold them at all — that's the only thesis for owning them.
Long-term Bitcoin holder addresses (6m+, 12m+) are at all-time highs on-chain right now
Long-term Bitcoin holder addresses (6m+, 12m+) are at all-time highs on-chain right now
- $100K acted as an exit for early hodlers who had that number as a target; those coins changed hands and are now sitting still.
- This on-chain accumulation pattern historically precedes the next bull leg.
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In this video
- 1mIntroduction
- 1m50 Days for Freedom
- 14mThe Battle for Monetary Independence
- 20mWhy This Bitcoin Bear Market Feels Different
- 24mIs the Bitcoin Bottom In?
- 28mWhy Bitcoin Adoption Has Stalled
- 46mBitcoin Has Defeated Crypto
- 50mStrategy’s “Digital Money” Narrative
- 55mThe Risks of Bitcoin Treasury Stocks
- 1h 1mVigil and Protecting Family Wealth
- 1h 7mHow to Bring Back the Bitcoin Bull Market
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