Alex Svanevik from Nansen, X Hall of Flame

Alex Svanevik, founder of on-chain analytics firm Nansen, said Democratic candidate Kamala Harris’ billionaire minimum tax could “stress the market” through asset sales, while Republican candidate Donald Trump If (Donald Trump) wins, he predicts that he could tip the price of Bitcoin by $100,000.

In an interview with Hall of Flame, Svanevik spoke about his journey into cryptocurrency and fame on social media, saying he was skeptical when he first encountered Bitcoin. If he hadn’t had a lunch break at work one day, he might never have changed his mind and Nansen might not have existed.

“I first saw Bitcoin in 2013 and ignored it. I thought it was just for money launderers like everyone else,” says Svanevik, who lives in Singapore.

“Then in 2017, Ethereum popped up on my radar while I was eating lunch at work and some engineers were talking about it. Some people were also investing in ICOs,” he explains.

That day, everything changed in Svanevik. He worked as a data science manager and quickly “fell down the rabbit hole with Ethereum.” Living in Barcelona at the time, he packed up and moved to Hong Kong to take a new job at a cryptocurrency startup.

But the same was true in 2017. “The startup collapsed after 11 months and we had to fire everyone,” he explains.

Redundancy was the driving force that started Nansen. Svanevik saw the opportunity and “brought in some of the best people” from the company to help launch Nansen, which is now one of the most powerful multichain analytics platforms in the world.

The other two became co-founders in 2019. Data engineer Lars Bakke Krogvig was laid off from the same bankrupt company, as is solutions architect Evgeny Medvedev.

They bootstrapped Nansen together, launched it in April 2020, and raised a seed round of funding in just six months.

“What was a little unique was that we charged for the product from the beginning, so we said, ‘If you want to try it for a week, pay $9,’” says Svanevik.

“The point is that if people buy it, it’s a sign that this is what people want,” he adds.

“In cryptocurrency, you give away a product for free, but in some cases you also pay people for airdrops to use the product, which completely dilutes the signal about whether the product is actually useful, so we did the exact opposite.”

How did Alex Svanevik build his X following?

With 183,100 followers on

“I think the synergy with Nansen was really good. So I think they feed off of each other,” he explains.

“I will be using Nansen to share insights. Of course, it still is. That helps Nansen grow.”

Svanevik says he is “probably the most active user of Nansen itself” and is naturally eager to share his discoveries.

What type of content does Alex Svanevik provide?

As the co-founder of an analytics company, it seems appropriate to be able to analyze in detail the type of content he posts.

“40% on-chain insights, 40% shit posting, 20% Singapore bull posting,” laughs Svanevik.

Svanevik says “posting shit” isn’t part of any grand branding plan. It’s just his job and he enjoys it.

“I try not to put any filters on my thoughts, and maybe that says something about my brain,” he laughs.

He said that when he meets people who follow him on social media, they are much more interested in his joke posts than the cryptocurrency Alpha.

“When people come up to me… they’ll always say ‘I follow you on Twitter’ and it’s usually about Singapore bull posting or shit posting,” he laughs.

Alex Svanevik’s cryptocurrency market prediction?

Svanevik believes that the combination of a U.S. Federal Reserve interest rate cut and the possibility of a “crypto-pro-president” being elected in November will make him feel “insanely optimistic” about cryptocurrencies in 2025.

“If Trump wins, it’s very likely that Bitcoin will hit $100,000 next year and possibly even more,” he says.

“I don’t know,” says Svanevik about his forecast for the fourth quarter of 2024.

But Svanevik warns that “some of the things,” like Democratic candidate Kamala Harris’ unrealized income tax proposal (also known as the Harris Billionaire Minimum Tax), would be “potentially cruel” if they were “actually put into policy.” . It applies to all markets.”

He says he’s not trying to “protect billionaires,” but points to the “mechanical effect” that can occur when people have to sell assets to pay taxes. He said this “could put pressure on the market.”

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Ciaran Lyon

Ciaran Lyons is an Australian cryptocurrency journalist. He is also a stand-up comedian and radio and TV presenter for Triple J, SBS and The Project.