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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. Conversely, he noted that bull market peaks occur at different times of the year.
Sharing his price expectations for 2026, Kong predicted that Bitcoin could bottom out at $88,000 in 2025. He believes this forecast reflects market expectations of cyclical corrections, arguing that such volatility is a natural part of digital assets, a new “store of value.”