Nano Labs founder: Bitcoin bear market bottoms often occur around Christmas; predicted price for 2025 is $88,000.

According to Foresight News , Nano Labs founder Jack Kong tweeted that Bitcoin's price has grown nearly 400,000 times in 14 years, from $0.25 in 2010 to $98,200 in 2024. However, Bitcoin's bear market bottoms often occur around Christmas, such as in 2014 ($319), 2018 ($3,815), and 2022 ($16,831). He predicts Bitcoin's price will reach $88,000 in 2025, a slight pullback from 2024, reflecting market expectations of cyclical adjustments. He believes this volatility is a characteristic of the growth of digital assets as emerging stores of value.