Nansen’s Alex Svanevik, X Hall of Flame

Alex Svanevik, founding father of onchain analytics agency Nansen, predicts that Democratic candidate Kamala Harris’ billionaire minimal tax may “tank markets” by way of 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 would possibly by no means have modified his thoughts — and Nansen would possibly’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 have been speaking about it. Some people have been additionally investing in ICOs,” he explains.

That day modified every little thing for Svanevik. He was working as a knowledge 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 a few of the greatest individuals” from the corporate to assist begin Nansen, which has now develop into one of many world’s strongest multichain analytics platforms.

Two others turned co-founders in 2019: knowledge engineer Lars Bakke Krogvig, who bought 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 folks need,” he provides.

“It’s bizarre in crypto since you give away merchandise free of charge, 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 entire reverse.”

How did Alex Svanevik construct his X following?

With 183,100 followers on X, Svanevik has constructed a fairly decent-sized following, however he sounds much more down-to-earth than most “influencers” when sharing how he grew it.

“I believe it was very synergistic with Nansen. So, it form of fed off one another,” he explains.

“I might use Nansen to share insights; in fact, I nonetheless do, which helps develop Nansen.”

Svanevik says that he’s “most likely essentially the most energetic person of Nansen itself” and naturally desires to share what he digs up.

What kind of content material does Alex Svanevik do?

Because the co-founder of an analytics agency, it appears becoming that he can give you 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.

He says when he runs into individuals who observe him on social media, they’re far more excited concerning the banter posts than the crypto alpha.

“If individuals come as much as me… they may all the time say, ‘I observe you on Twitter,’ and it’s usually concerning the Singapore bull-posting or the shit posting,” he laughs.

Crypto market predictions from Alex Svanevik?

Svanevik believes the combination of United States Federal Reserve rate of interest cuts and the prospect 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 fall 2024 prediction, Svanevik says, “I don’t know.”

However Svanevik warns that if “a few of 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 “doubtlessly brutal for all markets.”

He reiterates that he’s not making an attempt to “defend the billionaires” however factors out the “mechanical impact” that would occur when individuals must dump their property to pay that tax. He says it may “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 Undertaking.