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29 Nov 2022

Ethereum is a 'con', DeFi is 'fake', and Bitcoin will win the 'war' for money – Cory Klippsten

Ethereum is a 'con', DeFi is 'fake', and Bitcoin will win the 'war' for money - Cory KlippstenCory Klippsten, Founder and CEO of Swan Bitcoin, correctly predicted the collapse of Luna, Celsius, and FTX. He joins the show to suggest the next domino that could fall, as well as to assess the FTX fallout. Klippsten also discusses Bitcoin’s investment benefits, why much of DeFi is ‘fake,’ and why he thinks Ethereum will eventually ‘blow up.’ He spoke with Michelle Makori, Editor-in-Chief and Lead Anchor at Kitco News. Follow Michelle Makori on Twitter: @MichelleMakori (https://twitter.com/MichelleMakori) Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW) Follow Cory Klippsten on Twitter: @coryklippsten (https://twitter.com/coryklippsten) 0:00 – FTX collapse, Alameda, and contagion 9:53 – Crypto VCs 11:30 – FTX’s effect on Bitcoin 12:48 – Crypto regulation

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