The Inevitable Trial of Tech Investments
In a recent interview, Michael Saylor likened Bitcoin's current market correction to Apple's steep decline in 2013. At that time, Apple's valuation dropped nearly 45%, yet the company eventually rebounded after several years of recovery.
A Long-Term Journey Through the Valley of Despair
Saylor explained that significant drawdowns are common in successful tech investments, a phase he describes as 'navigating through the valley of despair.' Bitcoin has already been in correction for 137 days, and this cycle could last two to three years—or even seven.
Market Evolution Reduces Extreme Volatility
Despite the potential for a long correction, Saylor emphasized that current price swings are more moderate. As derivatives trading moves from offshore platforms to regulated U.S. markets, the typical 80% drawdowns have been compressed into a 40%–50% range.