Bitcoin May Never Fall Below $60K Again: Nansen Founder

Nansen founder Alex Svanevik says the cryptocurrency market is moving beyond its 'get rich quick' reputation, and that blockchains are now being used for real-world applications.

Svanevik argues that tokenized stocks and indices like the S&P 500 on Hyperliquid are a sign of this shift. He also notes that blockchains are giving room for non-crypto assets to be included in their ecosystems.

Regarding Solana, Svanevik says its reputation as a home for meme coins is 'completely ridiculous.' He believes the blockchain has a strong team behind it and thinks it will do well as an ecosystem.

Svanevik also mentions that he is bullish on Ethereum's layer-2 network, Robinhood chain, which launched in July. He notes that Robinhood has excellent distribution but doesn't think they'll launch a token.