Nansen Founder: Bitcoin Will Never Fall Below $60,000 Again, Global Monetary Easing Cycle Shows No Signs of Ending

August 8th, Nansen co-founder and CEO Alex Svanevik stated that the current price of Bitcoin, around $60,000, may have marked the bottom of this cycle. "Personally, I don't think Bitcoin will drop below $60,000 again. I believe that is in the past, and I think it's forever." Alex Svanevik said this assessment is based on Bitcoin's positioning as a global central bank reserve currency hedging tool and has not seen any signs of the end of the global monetary easing cycle. At the same time, the crypto industry is undergoing a fundamental transformation, moving from a time when crypto assets were in the realm of blockchain toys to now entering the real world era.

On the public blockchain ecosystem level, Svanevik holds a long-term bullish view on Solana, stating that considering it only as a meme coin chain is completely absurd, and believes Solana has behind it "possibly the most effective BD team" and an "incredible team." However, Svanevik refuses to translate this assessment into a specific price prediction for SOL - "Intuitively, one would think it would go up, but I can't be sure."

Svanevik also has high hopes for Robinhood Chain, which just launched in July this year, believing that with its outstanding user distribution capabilities, it is emerging as a strong competitor to Base. However, he judges that Robinhood is unlikely to issue tokens - on the one hand, it is unnecessary, and on the other hand, as a Nasdaq-listed company, issuing tokens would be logically contradictory to competing with its own stock, "All value should be directed to the HOOD stock."