Swan Bitcoin CEO: Bitcoin is a 90-year-long structural revolution

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CoinGuan News reports, citing Coinage, that Swan Bitcoin CEO Cory Klippsten said the market’s focus on short-term catalysts has a fundamental flaw: Bitcoin’s development is not driven by a single event, but by a structural financial revolution that will last 60 to 90 years. With Wall Street playing an increasingly deep role, the assets under management of Bitcoin ETFs have already exceeded $85B. Morgan Stanley will launch its Bitcoin ETF this week, with a fee of just 14 basis points, aiming to capture market share from BlackRock’s IBIT. Klippsten noted that capital-market instruments based on Bitcoin are rapidly expanding. MicroStrategy and its competitor Strive have already started issuing perpetual preferred shares with a floating dividend rate of 11.5%, using them to unlock returns on Bitcoin holdings. This instrument directly provides funding to support MicroStrategy’s recent additional purchases of $330 million worth of Bitcoin.

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