LATEST: Nansen founder Alex Svanevik told Cointelegraph he thinks Bitcoin will never fall below $60K again, citing BTC as a hedge against ongoing central bank money creation.

What happened

Nansen founder Alex Svanevik told Cointelegraph that he believes Bitcoin will never drop below $60,000 again, saying it serves as a hedge against ongoing central‑bank money creation.

Confirmed

Global impact / market context

If investors accept Bitcoin as a reliable store of value, demand could stay strong even when fiat currencies are diluted, potentially supporting higher prices and attracting new capital to the crypto market.

Analyst inference

Central banks are expanding their balance sheets, which some view as inflationary pressure on traditional currencies; this environment often drives interest in assets like Bitcoin that are seen as inflation‑resistant.

Analyst inference

What to watch

1. Bitcoin price movements around the $60,000 level to see if it holds as a psychological support. Proposed
2. Policy announcements from major central banks that could intensify money creation and influence Bitcoin’s appeal as a hedge. Proposed
3. Changes in institutional investment flows into Bitcoin, which would signal whether the hedge narrative is gaining traction. Proposed

Affected assets

• BTC — Bitcoin

Evidence

• x.com