Founder of Nano Labs: The bottom of the Bitcoin bear market often occurs around Christmas

Nano Labs founder Jack Kong posted on X platform that the price of Bitcoin has increased nearly 400,000 times from $0.25 in 2010 to $98,200 in 2024.

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 predicted $88,000 for 2025 represents a pullback compared to 2024, which may reflect the market's expectation of cyclical adjustments. From a macro perspective, this volatility is precisely the growth characteristic of digital assets as emerging store of value tools.