Nansen CEO says crypto is entering its ‘real-world asset’ era, Bitcoin may never fall below $60,000 again
Nansen founder and CEO Alex Svanevik says crypto is moving beyond its long-standing “get rich quick” image as blockchains increasingly support trading in real-world assets, including tokenized stocks and major indices such as the S&P 500.
Svanevik argued that blockchain’s next phase will be driven increasingly by non-crypto assets rather than purely speculative tokens.
He remains particularly bullish on Solana, rejecting the view that the network is mainly a venue for memecoins. Svanevik praised Solana’s team and business-development capabilities, although he stopped short of making a specific SOL price forecast.
He is also optimistic about Robinhood Chain, calling it a potential major competitor to Coinbase’s Base because of Robinhood’s large distribution network. However, he doubts Robinhood needs to launch a separate token, arguing that value generated by the blockchain could instead accrue to HOOD stock.
On Bitcoin, Svanevik said the market may be close to a cycle bottom and made an especially bullish long-term prediction: Bitcoin may never trade below $60,000 again.
He based that view partly on Bitcoin’s role as a hedge against continued monetary expansion by central banks. Other investors remain more bearish, however, with veteran crypto investor Michael Terpin recently predicting Bitcoin could eventually fall into the $40,000 range before beginning its next major bull cycle. $BTC
Nansen founder and CEO Alex Svanevik says crypto is moving beyond its long-standing “get rich quick” image as blockchains increasingly support trading in real-world assets, including tokenized stocks and major indices such as the S&P 500.
Svanevik argued that blockchain’s next phase will be driven increasingly by non-crypto assets rather than purely speculative tokens.
He remains particularly bullish on Solana, rejecting the view that the network is mainly a venue for memecoins. Svanevik praised Solana’s team and business-development capabilities, although he stopped short of making a specific SOL price forecast.
He is also optimistic about Robinhood Chain, calling it a potential major competitor to Coinbase’s Base because of Robinhood’s large distribution network. However, he doubts Robinhood needs to launch a separate token, arguing that value generated by the blockchain could instead accrue to HOOD stock.
On Bitcoin, Svanevik said the market may be close to a cycle bottom and made an especially bullish long-term prediction: Bitcoin may never trade below $60,000 again.
He based that view partly on Bitcoin’s role as a hedge against continued monetary expansion by central banks. Other investors remain more bearish, however, with veteran crypto investor Michael Terpin recently predicting Bitcoin could eventually fall into the $40,000 range before beginning its next major bull cycle. $BTC