• The ghost of the iPhone: Why Michael Saylor thinks bitcoin is mirroring Apple’s legendary ‘valley of despair’ Michael Saylor compared bitcoin’s 45% drawdown to Apple’s 2013 slump, arguing that enduring deep corrections is part of every successful technology investment. • What to know: Michael Saylor compared bitcoin’s 45% drawdown to Apple’s 2013 slump, arguing that enduring deep corrections is part of every successful technology investment. • Saylor said structural shifts in derivatives markets and limited bank credit are reshaping this cycle and compressing volatility. • Saylor dismissed quantum computing and renewed Epstein related scrutiny of developers as recurring fear narratives Michael Saylor wants bitcoin holders to think about Apple (AAPL). • Not Apple today, but Apple in 2013, when the stock had fallen 45% from its peak and was trading at a price-to-earnings ratio below 10, priced like a tired cash cow with no future. • The iPhone was already indispensable to more than a billion people, yet the market remained unconvinced.

Article Summaries:

  • Michael Saylor, the largest public holder of bitcoin, likened the cryptocurrency’s 45 % drawdown to Apple’s 2013 slump, arguing that steep corrections are a normal part of successful technology investments. He noted that structural shifts-such as the migration of derivatives from offshore to regulated U.S. markets and banks’ reluctance to lend against bitcoin-are compressing volatility and may limit future swings. Saylor dismissed quantum‑computing fears as a decade‑away threat and framed renewed Epstein‑related scrutiny of Bitcoin Core developers as another transient FUD narrative. He maintains that bitcoin’s recovery could take years, mirroring Apple’s eventual rebound.

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