Alex Swanevik, founder of OnChain Analytics, predicts that Democratic candidate Kamala Harris will “tank markets” through billionaire property sales, but advises a $100,000 Bitcoin price if Republican candidate Donald Trump wins.
Speaking to Hall of Flames about his journey into crypto and gaining popularity on social media, Svanevik said he was skeptical about Bitcoin when he first encountered it. If it hadn't been for a random lunch break one day at work, he might never have changed his mind—and Nansen might never have existed.
“I first saw Bitcoin in 2013 and dismissed it. “I thought it was just for criminals, like everyone else,” says Singapore-based Svanevik.
“Then in 2017, Ethereum popped up on my radar when I was at lunch at work, and some engineers were talking about it. Some people were investing in ICOs,” he explains.
That day changed everything for Svanevik. He was working 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 for a new job at a crypto startup.
But in 2017, as was the case for the course: “That startup collapsed in 11 months, and they had to fire everybody,” he explained.
The support was the impetus that got Nansen up. Svanevik saw an opportunity and “took the best people” from the company to start Nansen, which has now become one of the world's most powerful multi-chain analytics platforms.
Two other In 2019 they became co-founders: data engineer Lars Bakke Krogvig, who was fired from the same bankrupt company, and solutions architect Yevgeny Medvedev.
Together they launched Nansen in April 2020 and raised a seed round of funding within six months.
“What's really unique is we've priced the product from the beginning, so you know, ‘pay $9 to try it for a week,'” Svanevik said.
“The whole point is, if people buy that, that's a sign that people want it,” he added.
“It's weird in crypto because you're giving away products for free, but in some cases you're paying people who have airdrops to use products and that completely undermines the signal that the product is useful, so we did the complete opposite.”
Table of Contents
ToggleHow did Alex Svanević build his X sequel?
With 183,100 followers on X, Svanevik has built a decent size following, but he sounds more down to earth than most “influencers” when it comes to sharing how he grew it.
“I think he's very integrated with Nansen. So they feed off each other,” he explains.
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I use Nansen to share insights; Of course, I still do, which helps Nansen grow.
“He's probably the most active user of Nansen himself,” says Svanevik, and naturally he wants to share what he's dug up.
What kind of content does Alex Svanević create?
As the co-founder of an analytics firm, it seems only fitting that he lays out specifics on the types of content he posts.
“40% onchain insights, 40% shitposting, and 20% Singapore bull posting,” laughs Svanevik.
Svanevik says the “shitposting” isn't part of some grand branding plan. It's just his business, and he enjoys doing it.
“I try to have no filter on my thoughts, and maybe that says something about my mind,” he laughs.
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He says that when he interacts with people who follow him on social media, they are more excited about the banter posts than the crypto alpha.
“If people come up to me… they always say ‘I follow you on Twitter', and usually it's about posting or posting about Singapore bull,” he laughs.
Crypto market forecast from Alex Svanević?
Svanević believes that interest rate cuts by the US Federal Reserve and the possibility of a “pro-crypto president” being elected in November will make people feel “crazy” about crypto in 2025.
“If Trump wins, next year we'll see bitcoin at $100,000, maybe even more,” he says.
As for the Q4 2024 forecast, Svanevik says, “I don't know.”
But Svanević warned that “some things” that Democratic candidate Kamala Harris has said, like “really going into policy,” like the failed profit tax proposal — otherwise known as Harris's billionaire low tax — would probably be “brutal.” For all markets”.
He says he's not trying to “protect billionaires” but points to the “mechanical effect” that can occur when people sell their assets to pay that tax. “It can stock the markets,” he said.
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Ciaran Lyon
Ciaran Lyons is an Australian crypto journalist. He is also a freelance comedian and has been a radio and TV presenter on Triple J, SBS and The Project.
