Svanevik Sees Bottom for Bitcoin at $60K

Nansen founder and CEO Alex Svanevik is predicting that Bitcoin will not fall below $60,000 again. According to him, this level marks a cycle low for the cryptocurrency, and he believes it's because of its role as a hedge against central bank money creation.

Svanevik thinks that the global monetary expansion cycle is far from over, which would keep Bitcoin's price stable above $60,000. This is in contrast to veteran crypto investor Michael Terpin, who recently predicted that Bitcoin will fall 66% from its all-time high of $126,100.

Svanevik also expressed his enthusiasm for the Solana ecosystem, calling it one of the strongest long-term blockchain ecosystems. He believes that the blockchain has a lot more to offer than just meme coins and is backed by an 'incredible team' who are dedicated to success.