Jack Kong, founder of Nano Labs, highlighted in a recent tweet that Bitcoin bear market bottoms frequently occur around Christmas. He noted historical lows such as $319 in 2014, $3,815 in 2018, and $16,831 in 2022. Kong's analysis suggests a projected price of $88,000 for Bitcoin in 2025, indicating a potential market adjustment from the 2024 high of $98,200. This pattern reflects the inherent volatility in digital assets as they evolve as stores of value. Additionally, Kong mentioned a significant drop in Bitcoin's hashrate, with over 400,000 mining machines reportedly shut down.