Klippsten warns that relaxed regulations under Trump could trigger a chaotic altcoin surge, drawing liquidity away from Bitcoin.
In a recent interview, Swan.com CEO Cory Klippsten discussed how Donald Trump’s re-election could impact the cryptocurrency market, particularly regarding the rise of altcoins. Klippsten expressed concern that relaxed regulations might create a “Wild West” environment, fostering risky, speculative projects.
“We’re entering a ‘Wild West’ stage,” Klippsten warned. He elaborated that an “altcoin explosion under lax regulations […] would siphon demand away from Bitcoin,” possibly undermining Bitcoin’s position as the leading digital asset. This surge in altcoins, he suggested, might divert attention and resources from Bitcoin, presenting a new challenge to its adoption and growth as a stable, decentralized asset.
Klippsten coined a term for this chaotic environment: “the age of scambling,” combining “scamming and gambling.” He stressed that this could distract investors, pulling them away from Bitcoin’s long-term value.
