Alex Svanevik, founder of blockchain analytics firm Nansen, predicts that bitcoin will never fall below $60,000. He considers this level as the current cycle low, based on his belief that bitcoin serves as a hedge against central bank money creation. Bitcoin has risen 1.50% over the past 30 days and is trading largely sideways after falling to around $60,000 in early February. Svanevik is also bullish on the Solana ecosystem and Robinhood chain, which he sees as a major competitor to Base.
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