Swan Bitcoin CEO Cory Klippsten: I Predicted LUNA Would Go to Zero Two Months Before Its Collapse
Swan Bitcoin CEO Cory Klippsten stated on an English social media platform that he was one of the few to publicly criticize LUNA and UST as a Ponzi scheme before their collapse. He mentioned, "I predicted in March that LUNA and UST would go to zero and confronted Bitcoin influencers who were praising Do Kwon at the time."
Klippsten has long warned about high-yield scams in the crypto industry from an extreme Bitcoinist position and gained significant attention after the collapse of the Terra ecosystem. Several English media outlets and researchers later confirmed that he had indeed publicly questioned Terra's asset design mechanism multiple times in the past.
Source: Public Information
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Cory Klippsten的回顾突显了加密市场内部的“信仰与批判”分层——在流动性繁荣期，大量媒体与意见领袖以“创新叙事”覆盖结构性风险，形成回音壁效应。少数理性批评者被边缘化，直到庞氏循环崩塌后再次被验证。
这并非孤例，而是典型的金融—叙事循环现象：资本与话语权共同制造价格的合法性。当时Terra的算法稳定币机制依赖持续买盘与信心维系，而非内生收益，其逻辑类似传统信用泡沫。
Klippsten的言论也折射出比特币极端主义阵营与加密“实验派”的系统性冲突。前者重视货币基底与去风险逻辑，后者强调创新与收益叙事。LUNA崩溃标志着这两种理念的周期性分界——理性批判重新获得话语权，但信心经济的循环仍在下一轮资产创新中反复重演。