Nansen Founder: Bitcoin Will Never Drop Below $60,000 Again, No Signs Global Monetary Easing Cycle Is Ending

Nansen founder and CEO Alex Svanevik stated that Bitcoin’s current price of roughly $60,000 may have marked the low point of this cycle. “I personally don’t think Bitcoin will drop below $60,000 again— that’s a thing of the past, and I believe it’s forever,” he said. Svanevik’s assessment is rooted in Bitcoin’s role as a hedge against global central bank monetary expansion, with no signs of an imminent end to the global monetary easing cycle. He added that the crypto industry is undergoing a fundamental shift: crypto assets were previously in the “toy world” phase of blockchain, and are now entering the “real world” era. On the public chain ecosystem, Svanevik holds a long-term bullish stance on Solana, dismissing the view that it is merely a “meme coin chain” as completely absurd. He praised Solana for having “possibly the most effective business development (BD) team” and an “incredible team.” However, Svanevik refused to translate this positive outlook into a specific price prediction for SOL: “Intuitively, I would expect it to rise, but I can’t be certain.” Svanevik is also optimistic about Robinhood Chain, which launched just this July. He argues that it is emerging as a strong competitor to Base thanks to its outstanding user distribution capabilities, but judges that Robinhood is unlikely to issue a token. The reasons: first, it has no need to do so; second, as a Nasdaq-listed company, issuing a token would logically conflict with competing against its own stock. “All value should be channeled into HOOD stock,” he noted.