Bitcoin may have established a long-term floor around $60,000, according to Nansen founder and CEO Alex Svanevik, who believes the crypto market is entering a more mature phase driven increasingly by real-world assets rather than pure speculation.
Svanevik argues that blockchain technology is moving beyond its early reputation as a vehicle for rapid wealth creation. The emergence of tokenized stocks, indices and other traditional financial instruments is, in his view, signaling a broader transition toward onchain financial infrastructure.
“Crypto assets have kind of been like the ‘toy world’ era of blockchains,” Svanevik said, describing the industry’s shift toward real-world assets.
He pointed to growing activity around tokenized equities, traditional market indices and decentralized trading platforms as evidence that blockchains are increasingly becoming infrastructure for assets that exist outside the crypto ecosystem.
Solana Is More Than a Meme Coin Blockchain
Svanevik remains particularly optimistic about Solana, despite its reputation as a major hub for meme-coin activity.
He argues that the perception of Solana as simply a meme-coin network overlooks the broader ecosystem and the strength of the team developing and expanding it.
According to Svanevik, Solana has built an exceptionally effective business-development operation and appears highly focused on competing for a larger role in the blockchain industry.
However, he distinguishes his optimism about the network from a direct prediction about SOL’s price.
While stronger adoption could logically support the token over time, Svanevik says the performance of the underlying ecosystem does not automatically determine what happens to the asset’s price over the next 12 months.
Robinhood Chain Emerges as a Potential Competitor to Base
Svanevik is also watching the newly launched Robinhood Chain, which he believes could become a significant competitor to established Ethereum layer-2 networks such as Base.
The key advantage, he argues, is distribution.
Robinhood already has a large user base and an established financial platform, giving its blockchain an unusually powerful channel for attracting users and activity.
That distribution could allow Robinhood Chain to gain traction without relying on the traditional crypto playbook of launching a native token to bootstrap adoption.
Svanevik is skeptical that Robinhood necessarily needs to introduce a token.
The company is already publicly traded, and creating a token could potentially compete with the economic value captured by its existing HOOD equity.
Instead, Robinhood can potentially channel blockchain activity and user growth back into its broader financial ecosystem without introducing another speculative asset.
Bitcoin Could Be Approaching a Long-Term Floor
The most striking part of Svanevik’s outlook concerns Bitcoin.
He believes Bitcoin may have already established a significant cycle bottom around the $60,000 level and argues that the cryptocurrency may never sustainably trade below that price again.
His thesis is based partly on Bitcoin’s role as a potential hedge against continued expansion of global monetary supply.
As central banks and governments continue to operate within an environment of expanding monetary liquidity over the long term, Svanevik believes demand for scarce digital assets could remain structurally supported.
“I don’t think Bitcoin’s gonna go back below $60,000,” Svanevik said, adding that he considers the level to be part of Bitcoin’s past rather than a likely future trading range.
That is a particularly strong prediction, especially given Bitcoin’s history of deep corrections.
Not Everyone Agrees Bitcoin Has Bottomed
Svanevik’s outlook is far from universally accepted.
Bitcoin has previously fallen sharply from cycle highs, and some market participants believe the cryptocurrency could experience another major correction before establishing its next long-term floor.
Veteran crypto investor Michael Terpin, for example, has argued that Bitcoin could still experience considerably more downside.
Terpin has suggested that Bitcoin could eventually fall by roughly 66% from its October 2025 peak of approximately $126,100, potentially placing the cryptocurrency in the $40,000 range before the next major bull cycle begins.
The contrast between the two forecasts highlights the uncertainty surrounding Bitcoin’s current market structure.
One view suggests the $60,000 region represents a structural floor supported by increasing institutional adoption and the growing role of Bitcoin as a monetary hedge.
The other warns that historical crypto cycles remain capable of producing much deeper drawdowns.
Crypto’s Next Phase May Be About Traditional Assets on Blockchains
The broader argument from Svanevik may ultimately be more significant than his Bitcoin price prediction.
The crypto industry is increasingly moving toward a model in which blockchains provide infrastructure for traditional financial assets.
Tokenized equities, indices, stablecoins, real-world assets and onchain derivatives could bring substantially more economic activity onto public blockchains.
That would represent a major evolution from the industry’s earlier focus on speculative tokens and purely crypto-native applications.
If this transition continues, the long-term value proposition of blockchain networks may depend less on creating new digital assets and more on becoming the infrastructure through which existing financial markets operate.
The Bigger Picture
Svanevik’s outlook combines two major themes: Bitcoin’s potential maturation as a monetary asset and blockchains’ evolution into financial infrastructure.
His $60,000 Bitcoin floor prediction remains highly speculative and stands in contrast to analysts expecting another major correction.
But his broader thesis is increasingly relevant to the industry: crypto may be moving from an era dominated by speculation toward one increasingly defined by tokenization, real-world assets, financial distribution and onchain markets.
If that transition accelerates, the biggest opportunity may not simply be in creating the next cryptocurrency.
It may be in putting the world’s existing financial system onchain.
