Major cryptocurrencies like Ethereum and Solana have fallen more than 20% over the past 90 days, raising concerns across the digital asset market. However, Swan Bitcoin CEO Cory Klippsten believes the recent downturn may already be behind the market and argues that Bitcoin is positioning itself for a strong rebound heading into 2026.
In a recent CNBC interview, he acknowledged the recent volatility but emphasized that Bitcoin’s broader market structure appears healthier than in previous cycles.
Bitcoin Price Consolidates After Sharp Rise
Bitcoin previously surged to around $73,000 before climbing as high as $126,000, followed by a pullback that has seen prices stabilize in the high $80,000 range.
“For the past couple of weeks, Bitcoin has been bouncing between roughly $85,000 and $91,000,” he said, describing the current phase as consolidation rather than weakness.
Four-Year Cycle Narrative Is Fading
Zooming out, he argued that the traditional four-year Bitcoin cycle may be losing relevance. Historically, Bitcoin peaked in 2013, 2017, and 2021, followed by prolonged bear markets where prices failed to reclaim previous highs the following year.
“This time feels different,” he explained. “We didn’t see the kind of astronomical price surge in 2025 that past halving-driven cycles would suggest. And because of that, it’s hard to imagine a steep collapse from here.”
According to him, the lack of an overheated rally reduces the likelihood of a sharp downturn.
Institutional and Government Demand Strengthens Bitcoin
He also pointed to rising institutional and government participation as a major support for Bitcoin’s price, noting that adoption continues to expand globally.
“Bitcoin tends to be a one-way motion,” he said. “People generally don’t enter Bitcoin and then exit completely. They usually stay and adjust how much they buy.”
Based on this trend, he estimates there is more than a 50% chance Bitcoin will reach a new all-time high in 2026, with prices potentially moving above $125,000.
Outlook Remains Bullish
Despite recent declines across the broader crypto market, the outlook remains optimistic that Bitcoin is entering a more mature phase driven by long-term adoption rather than speculative cycles. With prices consolidating and institutional interest growing, the next major move for Bitcoin could be upward rather than another prolonged downturn.
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