How Cory Klippsten Would Decide How to Secure Bitcoin Post-Coldcard

Bitcoin’s recent price appreciation reflects genuine spot volume and a liquidation of short positions rather than mere speculative catalysts. Predictive pricing models, including stock-to-flow and power law projections, lack empirical validity and often mislead investors; instead, conviction should stem from Bitcoin’s fixed supply and global adoption. Following the recent ColdCard security incident, self-custody remains a critical priority, with collaborative multi-sig and emerging multi-institutional custody models providing superior security compared to centralized exchanges. Concerns regarding a future quantum threat to the network are currently premature and do not justify radical protocol changes, which would compromise Bitcoin’s fundamental rules. Cory Klippsten, founder and CEO of Swan, emphasizes that maintaining the integrity of the network is paramount, as the current security architecture remains robust against both long-term theoretical risks and short-term market volatility.