Nansen's founder believes Bitcoin has hit bottom at $60K and won't fall lower — but not everyone agrees.
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Will Bitcoin ever be cheaper than $60,000 again? One industry expert says no — but others strongly disagree.
Alexander Svanevik, the founder of Nansen (a company that studies blockchain data by tracking millions of digital wallets to understand how people use cryptocurrencies), recently shared his bold prediction about Bitcoin's future.
His main claim: Bitcoin is unlikely to ever fall below $60,000 again. He believes the current price near $60,000 could be the cycle low (the lowest point Bitcoin reaches before it starts climbing again).
Why does he think this? Svanevik sees Bitcoin as a hedge (a way to protect your money) against central banks printing more money. When governments create lots of new money, each unit of money can become worth less over time. Since he expects this money-printing to continue worldwide, he believes Bitcoin's value will keep rising.
Here are the key numbers:
Not everyone agrees, though. Veteran investor Michael Terpin thinks Bitcoin still has further to fall. He predicts Bitcoin could drop 66% from its all-time high, pushing the price down into the $40,000s before the next big rally.
The bottom line: Two experienced experts have completely opposite views. One says $60,000 is the floor forever, the other warns of more pain ahead. For beginners, this shows an important lesson — even the professionals often disagree, so predictions are never guarantees.
This is an AI-generated summary. Read the original article at: https://cointelegraph.com/magazine/bitcoin-will-never-fall-below-60k-again-nansen-founder?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound