Bitcoin will never fall below $60K again: Nansen founder

Nansen founder Alex Svanevik believes Bitcoin will never dip below $60,000 again. Svanevik, who leads blockchain analytics firm Nansen, says crypto is moving past its "toy world" stage and into the "real-world era," where tokenized stocks and other real-world assets are being traded on blockchains. He is particularly bullish on Solana, despite its reputation as the home of meme coins, citing its strong team.

Svanevik doesn't predict the SOL price for the next twelve months but believes Solana as an ecosystem will do well. He also mentions his confidence in Robinhood Chain, an Ethereum layer-2 network, but doesn't think it will launch a token. Svanevik predicts Bitcoin's price may be at its cycle low around $60,000, as it has served as a hedge against central bank money creation and the global monetary expansion cycle doesn't seem to be ending.