Nansen Founder Says Bitcoin Will Never Fall Below $60,000 Again

Nansen founder and CEO Alex Svanevik believes bitcoin has permanently left the $60,000 range behind, arguing the current price level likely marks the cryptocurrency’s cycle low going forward.

Bitcoin as a Long-Term Hedge

Svanevik said his personal view is that bitcoin won’t drop below $60,000 again, basing that belief on bitcoin’s role as a hedge against central bank money creation, which he doesn’t expect to slow down anytime soon. His view stands in contrast to other analysts, including veteran investor Michael Terpin, who recently said bitcoin could still fall as much as 66% from its October 2025 all-time high of $126,100, potentially dropping into the $40,000 range.

Bullish on Solana and Robinhood Chain

Despite its reputation tied to meme coins, Svanevik called Solana one of the strongest long-term blockchain ecosystems, crediting its team’s execution. He also expressed optimism about Robinhood’s newly launched layer-2 network, Robinhood Chain, though he doesn’t expect the company to launch its own token, arguing it makes more sense for Robinhood to channel value into its Nasdaq-listed stock instead.