Bitcoin’s $60K floor? Nansen CEO says BTC won’t revisit those levels, but not everyone agrees

BitcoinWorld Bitcoin’s $60K floor?

Nansen CEO says BTC won’t revisit those levels, but not everyone agrees Bitcoin may have already seen its lowest price for this cycle, according to Nansen CEO Alex Svanevik, who told Cointelegraph that he personally does not expect BTC to fall below $60,000 again.

His view is based on Bitcoin’s growing role as a hedge against expanded central bank money issuance, a trend he believes is unlikely to reverse anytime soon. Why Svanevik sees $60K as the new floor Svanevik’s confidence stems from the broader macroeconomic environment.

With global central banks continuing to expand their balance sheets, he argues that Bitcoin’s appeal as a store of value strengthens, providing long-term price support.