2024

Bitcoin

Nano

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<div class="key-points-section">
 <b>Key Points:</b>
 <ul>
  <li>Jack Kong predicts Bitcoin price at $98,200 in 2024.</li>
  <li>400,000-time increase since Bitcoin's inception.</li>
  <li>Bear market bottoms historically occur around Christmas.</li>
 </ul>
</div>
<p>Jack Kong of Nano Labs tweeted an analysis on Bitcoin's historical price pattern over Christmas, correlating a significant rise from $0.25 in 2010 to $98,200 in 2024.</p>
<p>This trend indicates potential for Christmas-time Bitcoin market bottoms, suggesting a cyclical adjustment in 2025. The analysis underscores Bitcoin’s volatile nature as a developing value store.</p>
<h2 id="jack-kong-predicts-bitcoin-surge-to-98-200-by-2024">Jack Kong Predicts Bitcoin Surge to $98,200 by 2024</h2>
<p>Jack Kong, Founder and CEO, Nano Labs, projected "a cyclical pullback from 2024's ~$98,200 to $88,000 for 2025," reflecting on historical BTC bear market bottoms around Christmas.</p>
<p>Ethan Vera, COO of Luxor Technology, commented that miners are underclocking machines to save on energy during pressure from the current hash pricing. The <strong>Xinjiang mining shutdowns</strong> reduced the overall Bitcoin network hashrate by <strong>8%</strong>, emphasizing the dynamic and reactive nature of Bitcoin mining activities.</p>
<blockquote>
 Jack Kong, Founder and CEO, Nano Labs, projected "a cyclical pullback from 2024's ~$98,200 to $88,000 for 2025," reflecting on historical BTC bear market bottoms around Christmas.
</blockquote>
<h2 id="historical-trends-support-future-bitcoin-projections">Historical Trends Support Future Bitcoin Projections</h2>
<p><strong>Did you know?</strong> Jack Kong's analysis highlights that historical Bitcoin bear market bottoms, including $16,831 in 2022, could imply consistent cyclic occurrences around Christmas, providing context to his 2024 projection.</p>
<p>As of December 25, 2025, Bitcoin (BTC)'s current price is $87,748.74, with a market cap of $1.75 trillion, according to CoinMarketCap. The cryptocurrency commands a 59.14% dominance, and recent data shows a 0.19% rise in 24-hour price changes. Despite a 22.64% decline over 60 days, the market remains substantial.</p>
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 <a href="https://coincu.com/wp-content/uploads/2025/12/Bitcoin-daily-chart-on-2043-UTC-on-December-25-2025file.jpeg" rel="noopener noreferrer nofollow"> <img src="https://coincu.com/wp-content/uploads/2025/12/Bitcoin-daily-chart-on-2043-UTC-on-December-25-2025file.jpeg" alt="bitcoin-daily-chart-5295"> </a>
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  Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 20:43 UTC on December 25, 2025. <em>Source: <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">CoinMarketCap</a></em>
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<p><strong><a href="https://coincu.com/news/china-virtual-currency-crackdown-2025/" rel="noopener noreferrer nofollow">Coincu research suggests</a></strong> that emerging trends, such as China's <strong>ongoing regulatory stance</strong> on cryptocurrency mining, could lead to more <strong>temporary disruptions</strong> rather than long-term impacts on Bitcoin pricing. Historical trends indicate that <strong>price bottoms</strong> could occur cyclically, lending further context to current market behaviors.</p>
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    <td><em><strong>DISCLAIMER</strong>:&nbsp;The information on<a href="https://coincu.com/" rel="noopener noreferrer nofollow"> this website</a> is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.</em></td>
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Jack Kong Projects Bitcoin Price $98K in 2024 Amid Volatility

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