According to Swan Bitcoin’s CEO Cory Klippsten, despite the increasing institutional presence, the retail sentiment in crypto is as crucial as when Wall Street was mostly on the sidelines.
“It still does. You have to remember it’s not like BlackRock owns the Bitcoin and Fidelity owns the Bitcoin. It’s a bunch of retail accounts mostly that actually buy that,” Klippsten said During an interview published on YouTube by Cointelegraph, Tuesday.
Cory Klippsten talked to Cointelegraph about BitcoinVegas. Source: Cointelegraph
“You know they’re buying it in a wrapper. But they still have to take real supply and custody it. And it comes out of the supply. So, you know, it’s still it is real demand in ETFs,” Klippsten said, adding:
“There are some paper products and futures and things like that that are weird and take a little while to kind of work through the system. There is something to the idea that there is more supply in certain ways. But at the end of the day, if you want real on-chain Bitcoin, the fact that you can get it is what makes Bitcoin unique.”
Since May 15, US-based Bitcoin ETFs with a spot price have seen a total of $2.90 Billion in outflows. according Farside data shows that Bitcoin is down 9.5% since the beginning of this year. Bitcoin’s price at time of publication is $73,630. according CoinMarketCap.
Bitcoin’s price has fallen by 2.87 percent over the last thirty days. (CoinMarketCap)
The sentiment towards the cryptocurrency market in 2026 has fluctuated. The Crypto Fear & Greed IndexPosting a metric that measures the overall sentiment of crypto markets. “Extreme Fear” The score was 23 for Friday. This indicates investors’ cautious attitude towards the cryptocurrency market.
Bitcoin Price Forecast for 2026: Slim Chances
Klippsten’s outlook for Bitcoin reaching a new high-water mark in 2026 has now become bleak.
Related: Bitcoin falls out of the global top 10 assets as market cap dips below $1.5T
Bitcoin had been trading at around $95,000 when he said this, but since it’s dropped around 23%, his chances have decreased.
“I thought there was probably like a 50% chance that we’d see a new all-time high this year. And I’d say, given that we’re still in the 70s and, you know, and that we went all the way down to 60, I’d probably handicap that down to like 20 or 25% chance that we get a new [high]” “He said”
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Source: cointelegraph.com
