Swan Bitcoin’s Cory Swan said Bitcoin cannot be valued through traditional income-based frameworks because it has no cash flow, coupon, or rent stream. Speaking in an interview segment scheduled for Monday at 3:30 p.m. ET, Swan said Bitcoin’s move from $64,000 to $81,000 did not make the asset 25% more useful. He said the price rise instead reflected the level needed to draw additional coins into the market, framing Bitcoin’s valuation as a function of supply available at a given price rather than conventional fundamental metrics.