PANews reported on December 25th that Jack Kong (Kong Jianping), founder of Nano Labs, tweeted an analysis of Bitcoin's price trajectory around Christmas. He pointed out that from $0.25 in 2010 to $98,200 in 2024, the price of Bitcoin increased nearly 400,000 times in 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 projected $88,000 for 2025 is a slight pullback from the 2024 forecast, 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.

According to previous reports, Kong Jianping, founder of Nano Labs, stated that Bitcoin's hashrate has plummeted and at least 400,000 mining machines have been shut down .