Bitcoin’s Wild Start to 2021 with Cory Klippsten

 
 
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“Robinhood users realised what everyone in the venture and startup industry knew a long time ago, which is that they are the product and that the customer is Citadel and Knight.”
— Cory Klippsten

SHOW DESCRIPTION

Location: Remotely
Date: Friday 5th February
Company: SwanBitcoin
Role: Founder

We are just over a month into 2021, and it has already been a wild start of the year for Bitcoin and the broader financial markets.

The r/wallstreetbets subreddit took it to Wall Street by collectively buying up the heavily shorted GameStop (GME). The stock price went from around $20 in mid-January to over $450 in less than two weeks, wiping a staggering $4.5 billion off Melvin Capital’s balance sheet.

In early February, corporate Bitcoin evangelist Michael Saylor held his ‘Bitcoin for Corporations’ event which around 7,000 companies attended. Just days after the conference, Tesla announced that they had bought $1.5bn of Bitcoin.

With any bull market, shitcoins also see an increase in activity. With the rise of Clubhouse, the salesmen are out in force. Yet, Bitcoiners are marshalling the rooms, educating newcomers on why Bitcoin is the only asset they should be considering.

In this interview, I talk to Cory Klippsten, the founder of SwanBitcoin. We discuss how shitcoiners are invading Clubhouse, r/wallstreetbets, corporations buying Bitcoin, and which nation-states will first disclose a Bitcoin position first.

TIMESTAMPS

00:04:03: Introductions
00:05:03: Clubhouse
00:12:50: Tipping on Clubhouse in sats
00:15:41: Twitter notifications
00:18:12: Clubhouse debates
00:22:09: The big Swan announcement!
00:23:46: WallStreetBets and GameStop
00:27:19: Citadel
00:30:28: Robinhood
00:35:40: Steven Mnuchin
00:39:39: How do markets actually work
00:42:22: The MicroStrategy Conference
00:46:48: Bitcoin in India
00:47:54: Which nation state will buy first
00:48:45: Being on a Bitcoin standard
00:50:24: Turkey
00:54:40: Swan Private Client Services
00:57:14: Swan Spanish language show
00:58:35: Leveraging your Bitcoin
01:01:52: The team at Swan
01:03:27: Final comments

 

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SHOW NOTES

PodcastPeter McCormack