Nansen Founder: Bitcoin May Have Already Touched This Cycle's Low, Will Not Fall Below $60,000 Again

TechFlow reports, August 8, Nansen Founder and CEO Alex Svanevik stated that Bitcoin's current price of around $60,000 may have already marked the low point of this cycle.

Svanevik said: "I personally believe Bitcoin will not return below $60,000 again; I think that is already a thing of the past, and I believe it is forever."

He indicated that this judgment is primarily based on Bitcoin's positioning as a hedge against global central bank monetary expansion, with no signs yet seen that the global monetary easing cycle is about to end. Meanwhile, the crypto industry is undergoing a fundamental transformation; where it once resembled a "toy world of blockchain," it is now gradually entering the phase of real-world application.