Crypto is growing up thanks to trading in real world assets, and Bitcoin will never dip below $60K again, says Nansen founder founder Alex Svanevik.
Crypto is finally shaking off the “get rich quick” reputation that has defined the industry for more than a decade according to Nansen founder and CEO Alex Svanevik — and it’s not just because nobody’s getting rich right now.
“Crypto assets have kind of been like the ‘toy world’ era of blockchains. And now we’re moving into the real-world era, where you see tokenized stocks, you see people trading indices like the S&P 500 and Hyperliquid,” Svanevik tells Magazine on the Trade Secrets show.
“I think the interesting spot that blockchains are in right now is that they are basically giving a lot of room for non-crypto assets,” Svanevik says.
There are a couple of blockchains that Svanevik is particularly bullish on. While Hyperliquid has captured a lot of attention in the industry recently, Svanevik says Solana is still one of the strongest long-term blockchain ecosystems despite its reputation as the home of meme coins.
“There’s been this view that Solana is just for meme coins, which I think is completely ridiculous,” Svanevik says, arguing that there is a lot more to the blockchain, given the “incredible team” behind it.
“Maybe the most effective BD team, if we think broadly, behind that chain; they really are here to win,” Svanevik says.
Solana’s price is down 9.60% over the past 30 days. Source: CoinMarketCap
However, he is not putting any bets on what that means for the SOL price in the coming twelve months:
Svanevik is one of the crypto industry’s best informed pundits, considering the company he leads, Nansen, is a blockchain analytics firm that tracks millions of labeled wallets and analyzes user activity across networks. Svanevik founded Nansen in 2019 alongside Lars Bakke Krogvig and Evgeny Medvedev.
A few years afterward, Svanevik expanded his involvement in the industry, joining the advisory board of penguin-themed NFT collection Pudgy Penguins in August 2022.
Svanevik is also bullish on the Ethereum layer-2 network, Robinhood chain, which launched on July 1 this year.
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