Bitcoin could bottom in October, altcoins are ‘basically dead,’ Swan CEO says

CryptoInfo Editorial Team · Published on August 15, 2026 at 12:57 · Updated on August 15, 2026 · 1 min read

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Key Takeaways

→Swan CEO Cory Klippsten predicts Bitcoin could bottom in October
→Klippsten believes altcoins are 'basically dead'
→He thinks crypto's best outcome is to become part of traditional finance

Disclaimer: This content is provided for informational purposes only and does not constitute financial or investment advice.

According to reporting from CoinTelegraph, Swan CEO Cory Klippsten has shared his thoughts on the cryptocurrency market, suggesting that Bitcoin could bottom out around October. This timeline is based on the idea that Bitcoin tends to bottom about a year after its previous peak.

Klippsten also expressed a bearish view on altcoins, stating they are 'basically dead'. Additionally, he argued that the best possible outcome for cryptocurrency is to become part of traditional finance (TradFi).

Source: CoinTelegraph ↗

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