Alex Svanevik, founder and CEO of the blockchain analytics firm Nansen, stated that Bitcoin is unlikely to ever fall below $60,000 again. In his view, the crypto market is gradually transitioning from a speculative model to using blockchain for real-world assets, while accumulation of Bitcoin by large investors and demand for digital assets could support its price.
"My personal opinion is that I don't think Bitcoin will ever fall below $60,000 again. I think that's already in the past [...] forever," said Svanevik.
He links his stance to Bitcoin's role as a hedge against the expansion of the money supply by central banks. He also suggests that the global cycle of monetary expansion will not end anytime soon.
An additional signal for the market was provided by CryptoQuant. Analysts believe the more important factor is the behavior of large holders around the realized price of accumulation addresses—approximately $70,000. This level could become a decision-making zone: if large holders continue to accumulate, it could indicate sustained long-term demand.
Market sentiment is also influenced by the actions of MicroStrategy, which sold 1,638 BTC for $104.73 million, using the funds to pay dividends on preferred shares and repurchase MSTR stock.
Company co-founder Michael Saylor clarified that his famous call to "never sell Bitcoin" refers to his personal assets, not the strategy of the public company.
At the same time, in the long term, Svanevik allows for a significantly higher valuation of the leading cryptocurrency. He stated that Bitcoin at $1 million could quickly become the new normal if the asset reaches that level.
"From our current perspective, it sounds insane to talk about Bitcoin at $1 million, but I'm sure that in 2018, talk about $100,000 sounded just as insane," noted the Nansen CEO.
Svanevik Called Solana Undervalued Due to Memecoins
Separately, the Nansen CEO commented on Solana, stating that the perception of the blockchain as a platform primarily for memecoins is mistaken.
He highlighted the project's team and its ability to develop the ecosystem. However, the expert refrained from making a specific price prediction for the coin over the next 12 months.
Svanevik also views the prospects of Hyperliquid positively and overall considers the crypto industry's shift towards tokenizing traditional assets as an important trend.
"Crypto assets were once the sort of hero of the blockchain 'toy world.' And now we're transitioning to the era of the real world, where you see tokenized stocks, trading of indices like the S&P 500 and Hyperliquid," he noted.
Regarding Robinhood Chain, which launched on July 1, 2026, Svanevik called it a potential competitor to Base. In his opinion, the network's advantage is Robinhood's large user base.
However, the Nansen CEO doubts that Robinhood needs its own token. He said the company has already managed to attract a significant number of users without one, and launching a separate asset could compete with Robinhood shares.
"They clearly don't need it, do they? Many projects launched tokens as a way to stimulate user interest," explained Svanevik.
It is worth recalling that after the launch of its own network, the real-world tokenized asset sector grew nearly sevenfold in less than a month.
