Nansen founder predicts Bitcoin will never drop below $60,000

Alex Svanerik, founder and CEO of blockchain analytics firm Nansen, contends that Bitcoin will never fall below $60,000 again, pointing to a structural shift in how crypto is being used. The industry, he argues, is moving past its "toy world" phase of speculation toward a "real-world era" where tokenized assets and traditional financial instruments are being traded on blockchain networks.

Svanerik highlights the emergence of tokenized stocks and indices, such as S&P 500 exposure on chains like Hyperliquid, as evidence that blockchains are now providing infrastructure for institutional and real-world asset trading. This development, he suggests, has created a new demand foundation for the sector that was absent during the speculative boom-and-bust cycles that previously defined crypto.

Beyond Bitcoin's floor, Svanerik expresses particular optimism about Solana as a long-term blockchain ecosystem despite its reputation as a hub for meme tokens. He credits the network's management team with strong business development efforts and serious ambitions. He also highlights Robinhood's layer-2 Ethereum network, which launched in July, as an emerging challenger to Base, though he expressed skepticism about whether Robinhood will issue its own token.