Bitcoin could bottom in October, altcoins are ‘basically dead,’ Swan CEO says
Swan Bitcoin CEO Cory Klippsten expects Bitcoin to bottom in October after its early-October 2025 peak above $126,000, then recover toward about $130,000 before the 2028 halving. He bases this on past cycles, noting Bitcoin has often bottomed around 12 months after a bull-market peak, while acknowledging limited historical data. He also said BTC could briefly drop to $57,000 or even $53,000 before rebounding. Other analysts are less bearish on timing: 10x Research’s Markus Thielen said Bitcoin could confirm an August bear-market bottom if it closes the month above $63,000. Klippsten was strongly dismissive of altcoins, calling them “basically dead” as money and arguing crypto’s best path is to be absorbed into traditional finance. He singled out Hyperliquid as a centralized business that would likely be treated like a conventional exchange or bank over time, despite its recent revenue growth and strong token performance.
