Nano Labs founder: Bitcoin bear market bottoms often occur around Christmas

PANews, December 25 – Jack Kong (Kong Jianping), founder of Nano Labs, posted an analysis on Bitcoin’s Christmas price trajectory. He pointed out that from $0.25 in 2010 to $98,200 in 2024, the Bitcoin price has increased nearly 400,000 times over 14 years. Historical data shows that Bitcoin bear market bottoms often occur around Christmas, such as $319 in 2014, $3,815 in 2018, and $16,831 in 2022.

The forecasted $88,000 for 2025 represents a pullback compared to 2024, which may reflect market expectations for cyclical adjustments. From a macro perspective, this volatility is a characteristic of digital assets as an emerging store of value.

Previously, it was reported that Nano Labs founder Kong Jianping: Bitcoin hash rate plummets, at least 400,000 mining machines have been shut down.