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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
08/09/2026

Nansen CEO Claims Bitcoin Will Never Dip Below $60K Again

What happened: Alex Svanevik, CEO of blockchain analytics firm Nansen, stated in a recent interview that he believes Bitcoin will "never fall below $60,000 again.

Nansen CEO Claims Bitcoin Will Never Dip Below $60K Again

What happened: Alex Svanevik, CEO of blockchain analytics firm Nansen, stated in a recent interview that he believes Bitcoin will "never fall below $60,000 again." Svanevik attributes this to Bitcoin's growing role as a hedge against global monetary expansion and the maturation of real-world asset (RWA) trading on blockchains. However, this is a personal opinion, not a model-based forecast, and other experts, such as Michael Turpin, have voiced skepticism, suggesting BTC could fall as low as $40,000.

Why it matters: Svanevik's assertion reflects a broader narrative that Bitcoin's floor is rising alongside institutional adoption and RWA integration. Yet, the lack of empirical backing and the presence of dissenting views highlight the speculative nature of such price predictions. Investors should weigh these opinions against market fundamentals and historical volatility.

Source: Cointelegraph Magazine