Alex Svanevik, founding father of onchain analytics agency Nansen, predicts that Democratic candidate Kamala Harris’ billionaire minimal tax might “tank markets” through asset selloffs however suggestions a $100,000 Bitcoin worth if Republican candidate Donald Trump wins.
Chatting with Corridor of Flame about his journey into crypto and rise to prominence on social media, Svanevik says he was skeptical of Bitcoin when he first encountered it. If it weren’t for a random lunch break at work sooner or later, he may by no means have modified his thoughts — and Nansen may’ve by no means existed.
“I first checked out Bitcoin in 2013, and I dismissed it. I assumed it was just for cash laundering criminals, like everybody else,” Singapore-based Svanevik says.
“Then, in 2017, Ethereum popped up on my radar whereas I used to be at lunch at work, and a few engineers had been speaking about it. Some people had been additionally investing in ICOs,” he explains.
That day modified every thing for Svanevik. He was working as an information science supervisor and shortly fell “down the rabbit gap with Ethereum.” Residing in Barcelona on the time, he packed up and moved to Hong Kong for a brand new job at a crypto startup.
However as was par for the course in 2017: “That startup collapsed inside 11 months, and so they needed to lay off everybody,” he explains.
The redundancy was the push that kicked off Nansen. Svanevik noticed the chance and “took among the greatest individuals” from the corporate to assist begin Nansen, which has now turn into one of many world’s strongest multichain analytics platforms.
Two others turned co-founders in 2019: knowledge engineer Lars Bakke Krogvig, who acquired laid off from the identical bankrupt firm, and options architect Evgeny Medvedev.
They bootstrapped Nansen collectively, launched in April 2020, and raised a seed spherical of funding in simply six months.
“The factor that was a bit distinctive was that we charged for the product from the start, so we mentioned, you already know, ‘Pay $9 to strive it for per week,’” Svanevik says.
“The entire level was that if individuals purchase that, that’s a sign that that is one thing that individuals need,” he provides.
“It’s bizarre in crypto since you give away merchandise without cost, however in some circumstances, even pay individuals with airdrops to make use of merchandise, and it completely dilutes the sign on whether or not the product is definitely helpful, so we did the full reverse.”
How did Alex Svanevik construct his X following?
With 183,100 followers on X, Svanevik has constructed a reasonably decent-sized following, however he sounds much more down-to-earth than most “influencers” when sharing how he grew it.
“I feel it was very synergistic with Nansen. So, it form of fed off one another,” he explains.
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“I’d use Nansen to share insights; after all, I nonetheless do, which helps develop Nansen.”
Svanevik says that he’s “in all probability probably the most lively person of Nansen itself” and naturally needs to share what he digs up.
What sort of content material does Alex Svanevik do?
Because the co-founder of an analytics agency, it appears becoming that he can provide you with an in depth breakdown in numbers of the type of content material he posts.
“40% onchain insights, 40% shitposting, and 20% Singapore bull-posting,” Svanevik laughs.
Svanevik says “shitposting” isn’t a part of some grand branding plan; it’s simply his factor, and he enjoys doing it.
“I attempt to haven’t any filter on my ideas, and possibly that claims one thing about my mind,” he laughs.
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He says when he runs into individuals who comply with him on social media, they’re far more excited in regards to the banter posts than the crypto alpha.
“If individuals come as much as me… they may at all times say, ‘I comply with you on Twitter,’ and it’s usually in regards to the Singapore bull-posting or the shit posting,” he laughs.
Crypto market predictions from Alex Svanevik?
Svanevik believes the combo of United States Federal Reserve rate of interest cuts and the possibility of a “pro-crypto president” being elected in November has him feeling “insanely bullish” about crypto in 2025.
“If Trump wins, it’s very seemingly we see Bitcoin at $100,000 subsequent yr, and past possibly,” he says.
As for a This autumn 2024 prediction, Svanevik says, “I don’t know.”
However Svanevik warns that if “among the stuff” that Democratic nominee Kamala Harris has talked about “really will get into coverage,” such because the unrealized beneficial properties tax proposal — in any other case known as the Harris billionaire minimal tax — it is going to be “probably brutal for all markets.”
He reiterates that he’s not attempting to “shield the billionaires” however factors out the “mechanical impact” that might occur when individuals must unload their property to pay that tax. He says it might “tank the markets.”
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Ciaran Lyons
Ciaran Lyons is an Australian crypto journalist. He is additionally a standup comic and has been a radio and TV presenter on Triple J, SBS and The Challenge.