Swan CEO says Bitcoin may bottom in October, and altcoins are “basically dead”Swan Bitcoin CEO Cory Klippsten thinks BTC could find its cycle bottom in October, roughly one year after its previous peak above $126K. His downside zone is still ugly: $57K, maybe even $53K, before a recovery.
But his bigger take is even sharper: Bitcoin can recover, while most altcoins are no longer real competitors as money.
What it means:— Klippsten says Bitcoin often bottoms around 12 months after a bull market peak.
— BTC peaked above $126K in early October 2025, so October 2026 becomes the key window.
— He sees a possible recovery toward $130K before the 2028 halving.
— 10x Research is more optimistic and says a bottom could be confirmed earlier if BTC closes August above $63K.
Context:— Klippsten says altcoins are “basically dead” as money.
— He believes crypto’s best outcome is to become part of TradFi.
— Hyperliquid is his example: a centralized crypto business with a token that could eventually be treated like an exchange or bank.
— Wintermute also says altcoin rallies are becoming narrower, with liquidity moving only into names institutions actually want.
Bottom line: this is not a “everything will pump” thesis. Klippsten’s view is colder: Bitcoin may still have one more bottoming phase, but it remains the main asset. Altcoins, meanwhile, are turning into a selective TradFi-style game where only a few winners get real liquidity.
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