Chinese CEO Offers Good News for Bitcoin – “Maybe It Has Already Hit Bottom”
Jack Kong, founder of Nano Labs, pointed out the long-term price history of (BTC), noting that bear market bottoms often coincide with the Christmas season. According to data shared by Kong, Bitcoin has risen from about $0.25 in 2010 to $98,200 in 2024, an increase of nearly 400,000 times over 14 years.
Kong added that historical examples show a notable cyclical pattern. He stated that significant bear market bottoms for Bitcoin occurred around Christmas in 2014 at $319, in 2018 at $3,815, and in 2022 at $16,831. Conv
Jack Kong, founder of Nano Labs, pointed out the long-term price history of (BTC), noting that bear market bottoms often coincide with the Christmas season. According to data shared by Kong, Bitcoin has risen from about $0.25 in 2010 to $98,200 in 2024, an increase of nearly 400,000 times over 14 years.
Kong added that historical examples show a notable cyclical pattern. He stated that significant bear market bottoms for Bitcoin occurred around Christmas in 2014 at $319, in 2018 at $3,815, and in 2022 at $16,831. Conv
BTC1,27%