Nansen founder: Bitcoin will never drop below $60,000 again, there are no signs of an end to the global monetary easing cycle

Nansen founder and CEO Alex Svanevik stated that Bitcoin's current price of around $60,000 may have marked the low point of this cycle. "Personally, I don't think Bitcoin will go below $60,000 again; I believe that's in the past, and I think it's forever." Alex Svanevik said this judgment is based on Bitcoin's positioning as a hedge against global central bank currency expansion, and he has not seen signs that the global monetary easing cycle is about to end. At the same time, the crypto industry is undergoing a fundamental transformation; crypto assets were previously in the toy world of blockchain and are now entering the real world era.

In terms of the public chain ecosystem, Svanevik holds a long-term bullish view on Solana, stating that the perception of it as merely a meme coin chain is completely absurd. He believes Solana has "possibly the most effective BD team" and "an incredible team." However, Svanevik declined to translate this judgment into a specific price prediction for SOL—"Intuitively, I would think it will rise, but I can't be sure." Svanevik is also optimistic about the Robinhood chain, which just launched in July this year, believing it is rising as a strong competitor to Base due to its excellent user distribution capabilities. However, he judges that Robinhood is unlikely to issue a token—on one hand, it doesn't need to, and on the other hand, as a publicly traded company on NASDAQ, issuing a token would logically contradict competing with its own stock, "All value should be directed to HOOD stock."