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Bitcoin won’t fall below $60,000. That’s the call from Alex Svanevik, founder of blockchain analytics firm Nansen, who thinks the market is deeper into a structural shift than most people realize.
Svanevik’s argument isn’t really about price charts. It’s about what’s actually happening on blockchains right now. He sees the industry moving hard away from its “get rich quick” reputation — the one that dominated the last few cycles — and toward something that looks a lot more like traditional finance, but running on decentralized rails. Tokenized stocks, tokenized indices, S&P 500 exposure traded directly on-chain. That’s the kind of activity Svanevik thinks is quietly rewriting what blockchains are actually for. Non-crypto assets moving onto crypto infrastructure. It’s a big deal, probably bigger than most retail traders are giving it credit for, and it’s the core reason he stays bullish on the sector even when prices are choppy.
Solana, Robinhood Chain, and Who’s Positioned Well
Not every blockchain benefits equally from this shift, and Svanevik is pretty clear about which ones he thinks are set up right. Solana is one of them. Yes, Solana has dropped 9.60% over the past month. And yes, the chain took a beating reputationally from its heavy association with meme coins — a phase that burned a lot of retail participants and left a bad taste. But Svanevik doesn’t think that association tells the full story. He believes Solana’s development team is strong, that the ecosystem has genuine long-term depth, and that the meme coin narrative is basically a distraction from what the chain can actually do. It’s one of the more promising ecosystems out there, per his read.
The Robinhood chain also caught his attention. It’s part of the Ethereum layer-2 network, and Svanevik sees it as a real contender against platforms like Base. One thing he doesn’t expect, though: a Robinhood token launch. His thinking is straightforward — Robinhood already has a Nasdaq-listed stock. The company has distribution, it has existing shareholders, it has a public market valuation. Launching a separate token on top of that probably doesn’t make much sense from where he’s sitting. So don’t hold your breath for that one.
Bitcoin’s $60,000 Floor — and the Dissent
On Bitcoin specifically, Svanevik thinks the current price range might be the cycle low. He’s firm: it won’t go below $60,000 again. His reasoning ties back to macro — central banks and their monetary policies aren’t going away, and Bitcoin’s role as a hedge against those policies is, in his view, only getting more established as institutional adoption deepens and real-world asset integration accelerates. Bitcoin was up about 1.50% over the past month at the time of his comments, which isn’t dramatic movement, but it’s holding.
Not everyone agrees. Not even close. Veteran investor Michael Terpin sees things very differently. He’s predicting Bitcoin drops into the $40,000s — a steep fall from the October 2025 high. That’s a wide gap between two people who’ve been in this industry long enough to have seen several full cycles. Unclear which read ends up being right, but the disagreement is real and it’s not just noise.
Svanevik’s position at Nansen gives him a specific kind of visibility. The firm tracks millions of labeled wallets and maps activity across blockchain networks, which means he’s not just reading price action — he’s watching actual on-chain behavior, wallet flows, user activity patterns. That’s a different lens than most commentators have.
He’s also been active beyond Nansen. In August 2022, he joined the advisory board of Pudgy Penguins, the NFT collection, which put him closer to the consumer and culture side of blockchain adoption. It’s a different world from analytics, but it fits the broader picture of someone who thinks blockchain’s applications are still expanding in directions that aren’t fully priced in.
The Robinhood chain’s competition with Base is worth watching. Layer-2 networks are basically fighting for developer attention and liquidity right now, and that competition shapes where real-world asset trading ends up settling. Svanevik’s bet seems to be that the chains with strong teams and clear business development strategies win that fight — not necessarily the ones with the most hype or the biggest token launches.
Solana’s monthly decline of 9.60% sits awkwardly against his optimism, but he’s probably thinking in longer time frames than a single month.
Hub: Solana price, news, and analysis
Frequently Asked Questions
What is Alex Svanevik’s Bitcoin price prediction?
Svanevik, founder of Nansen, says Bitcoin won’t fall below $60,000 again and believes the current price range may represent the cycle low.
Why does Svanevik think Robinhood won’t launch a crypto token?
Per Svanevik, Robinhood already has a Nasdaq-listed stock, which gives it existing distribution and a public market valuation, making a separate token launch unnecessary.
