Chinese CEO Gives Good News for Bitcoin – “It May Be Bottomed Out Right Now”

Jack Kong, founder of Nano Labs, pointed out Bitcoin’s (BTC) long-term price history, noting that bear market bottoms frequently coincide with the Christmas period.

According to data shared by Kong, Bitcoin rose from approximately $0.25 in 2010 to $98,200 in 2024, increasing in value almost 400,000 times in 14 years.

Kong added that historical examples reveal a remarkable cyclical pattern. According to him, significant bear market lows for Bitcoin occurred around the Christmas season in 2014 at $319, in 2018 at $3,815, and in 2022 at $16,831. In contrast, he noted that bull market peaks were spread across different periods of the year.

Sharing his price expectations for the year 2026, Kong predicted that Bitcoin could bottom out at $88,000 in 2025. He stated that this prediction reflects the market’s expectation of cyclical corrections, arguing that such volatility is a natural part of digital assets being a new and emerging “store of value.”