Nano Labs founder: Bitcoin bear market bottoms often appear around Christmas.
TL;DR
Nano Labs founder notes Bitcoin's historical bear market bottoms often occur around Christmas, citing past examples. He highlights a 400,000x price increase since 2010 and predicts a potential cyclical adjustment in 2025.
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[Nano Labs Founder: Bitcoin Bear Market Bottom Often Appears Around Christmas] According to Mars Finance, Jack Kong, founder of Nano Labs, stated in an article on the X platform that Bitcoin's price has increased nearly 400,000 times in 14 years, 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 in 2025 represents a pullback compared to 2024, which may reflect market expectations of a cyclical adjustment. From a macro perspective, this volatility is a characteristic of the growth of digital assets as emerging stores of value.