Nansen founder: Bitcoin won't drop below $60K again
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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 the cycle low and citing Bitcoin's role as a hedge against central bank money creation that he expects to continue.
- Michael Terpin, veteran crypto investor, offered the sharply opposing view on Cointelegraph's Trade Secrets show, predicting Bitcoin will ultimately fall 66% from its October 2025 all-time high of $126,100 — down "into the 40s" — and that "we still have more pain to go."
- Bitcoin is up 1.50% over the past 30 days after falling to around $60,000 in early February, bouncing, dipping below that level again, and trading largely sideways since — with analysts divided on whether the bottom is already in.
- Svanevik said he's bullish on the Solana ecosystem as a chain but declined to predict SOL's price; SOL is down 9.60% over the past 30 days per CoinMarketCap.
- Svanevik called the Robinhood chain — an Ethereum layer-2 network launched July 1 — a "big contender to Base" thanks to Robinhood's distribution, but said the Nasdaq-listed company likely won't launch a token because it could instead "channel all of that value into the HOOD stock."
- Svanevik co-founded Nansen in 2019 alongside Lars Bakke Krogvig and Evgeny Medvedev, and joined the Pudgy Penguins NFT advisory board in August 2022.
Why it matters: The crypto analyst community is sharply split on Bitcoin's floor heading into the next leg of the cycle. With Bitcoin trading sideways after an early-February dip to $60,000, Svanevik's "never below $60K" thesis stands directly against Terpin's call for a 66% crash — giving retail traders two diametrically opposite expert signals on whether to buy the dip or brace for a fall into the $40,000s.
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