As the new year approaches, Bitcoin investors are cautiously optimistic following a tumultuous 2025.
Cory Klippsten, the CEO of Swan Bitcoin, remains confident that this digital currency is set for a significant upswing in the coming year.
In a recent interview with CNBC, Klippsten pointed out that factors such as BTC’s adoption trajectory, institutional backing, and historical trends indicate a strong likelihood of reaching unprecedented highs in 2026.
“I believe there’s over a 50% chance … we will see an all-time high next year,” he stated, predicting that Bitcoin could surpass $125,000.
The Basis for Klippsten’s Optimistic Outlook on Bitcoin in 2026
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A key reason behind the bullish outlook for Bitcoin in 2026 is the consistent increase in participation from institutions and governments.
Klippsten highlighted that current BTC adoption tends to be permanent: “Individuals usually enter into Bitcoin without plans to exit. They typically remain invested.”
This tendency towards retention, coupled with substantial investments from major players, establishes a robust foundation for price growth.
Differing from previous cycles dominated by speculative retail interest – today’s market sees support from pension funds, asset managers, and sovereign wealth entities.
This broader base of buyers diminishes the chances of sudden downturns while enhancing prospects for sustained upward movement. He discussed these points last week on “Fast Money“.
A Look at Historical Trends Leading into 2026
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The price history of Bitcoin has largely been characterized by four-year cycles associated with halving events.
The peaks observed in 2013, 2017, and again in 2021 were followed by periods where prices struggled to reach previous highs. However, Klippsten noted that this pattern was disrupted in 2025: “Since there wasn’t an astronomical surge … it seems unlikely we’ll experience any drastic decline now.”
Bearing witness to less extreme boom-and-bust cycles suggests that Bitcoin may be transitioning into a more mature phase driven by liquidity and wider acceptance leading to steadier growth patterns.
Klippten believes as BTC stabilizes within the $85K–$90K range; it sets up favorable conditions for an eventual breakout. His projection of $125K reflects his belief that BTC’s resilience will extend into next year—potentially yielding returns exceeding 40% over twelve months ahead.
The Impact of Miners Shifting Towards AI on Bitcoin’s Future?
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A notable trend emerging recently involves many bitcoin miners diversifying their operations toward artificial intelligence infrastructure development .
Firms like Core Scientific have announced intentions to focus entirely on high-performance computing (HPC) within two or three years .
While some express concerns about reduced mining capacity , Klippten dismissed these worries : “Even if hash rates fluctuate… it doesn’t fundamentally alter how secure bitcoin remains.”
Mining expenses along with hash rates serve primarily as lagging indicators rather than direct influences upon pricing dynamics . The departure amongst larger industrial miners merely creates openings available specifically targeting smaller entities thereby preserving decentralization principles intact throughout network operations .
Moreover ,the protocol governing btc guarantees adaptive adjustments ensuring ongoing network security .
Far from signaling bearish sentiment ,this transition showcases ecosystem adaptability while maintaining core fundamentals surrounding bitcoin itself intact.