Although Bitcoin’s price has dropped significantly from its all-time high of $109,000, Swan Bitcoin CEO Cory Klippsten remains optimistic about its future prospects. In an interview with Cointelegraph, Klippsten stated:
“I believe there’s more than a 50% chance that we’ll see a new all-time high by the end of June.”
The Market Needs to Adapt to Uncertainty
Before Bitcoin can reach new record levels, Klippsten believes that the market must first adjust to various sources of uncertainty. These include Donald Trump’s recently introduced import tariffs and concerns surrounding inflation in the U.S..
“The market first needs to digest the import tariffs, fears of a trade war, and economic concerns. A Bitcoin price below $100,000 feels like a pause right now, but not the end of the bull market,” Klippsten explained.
Despite recent corrections, he emphasizes that the momentum from Bitcoin’s first breakout above $100,000 is still alive, and institutional demand has not disappeared. In his view, the current uncertainty is merely background noise.
“We’re in a consolidation phase, but I don’t see this turning into a prolonged sideways market,” he added.
Bitcoin Also Dropped After ETFs Launched
Even Bitwise Invest CEO Hunter Horsley remains unfazed by Bitcoin’s recent price dip following the announcement of the Strategic Bitcoin Reserve in the U.S.
Bitcoin sold off on Bitcoin ETFs launching And then went on to a new ATH Traders gonna trade.
Traditional Markets Are Struggling Too
Bitcoin‘s recent weakness isn’t an isolated event. Traditional financial markets are also facing significant struggles.
Nasdaq, the U.S. tech stock exchange, has seen a sharp decline in value, with major tech companies feeling the heat. The year 2025 hasn’t started well for chip manufacturers like Nvidia, which have also experienced notable losses.
While the crypto market is used to volatility, Bitcoin’s next big move remains a hot topic. Will it break new highs in June, or are we in for a longer period of consolidation? Only time will tell.
