Nansen founder: Bitcoin will never fall below $60K
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- Alex Svanevik, founder of blockchain analytics firm Nansen, said Bitcoin will never fall below $60,000 again, framing the current level as a potential cycle low because he doesn't expect the global monetary expansion cycle to end.
- Bitcoin has traded sideways after dipping below $60,000 in early February and bouncing, leaving analysts split on whether the bottom is already in; Svanevik is up 1.50% over the past 30 days per CoinMarketCap.
- Michael Terpin told Cointelegraph the asset still has further to fall, predicting a 66% drop from the October 2025 all-time high of $126,100 that would put Bitcoin in "the 40s," explicitly disagreeing with Svanevik's bottom call.
- Svanevik is bullish on the Solana ecosystem (SOL is down 9.60% over 30 days) but declined to predict the token's price over the next twelve months, saying ecosystem success doesn't necessarily translate to price action.
- Robinhood chain, the Ethereum layer-2 that launched July 1, is emerging as a contender to Base thanks to Robinhood's distribution, per Svanevik, but he doubts it will launch a token because that would compete with HOOD stock on Nasdaq.
- Svanevik co-founded Nansen in 2019 alongside Lars Bakke Krogvig and Evgeny Medvedev and joined the advisory board of Pudgy Penguins in August 2022.
Why it matters: The $60,000 level is now a contested battleground: Svanevik's never-look-back call clashes with Terpin's call for a 66% drop from $126,100 into the $40,000s, a spread that traders must underwrite. For Robinhood, Svanevik's token-skepticism reinforces the case that HOOD shareholders capture all chain upside rather than token holders.
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