Michael Saylor: The 45% drop in Bitcoin is like Apple's "low point," a necessary path to successful investing

According to CoinDesk, Michael Saylor, founder of Strategy, compared the current situation of Bitcoin, which has fallen about 45% from its peak, to Apple's "low point" in 2013 during a recent interview, emphasizing that every successful technology investment must undergo similar adjustments.

He pointed out that the current Bitcoin pullback has lasted for 137 days, but it may take several years to fully recover, just as Apple took 7 years to regain market confidence. Saylor believes that structural changes, such as the migration of the derivatives market to U.S. regulatory markets, are compressing volatility, limiting what could have been an 80% drop to a range of 40%-50%. He also dismissed the threats of quantum computing and the Epstein-related controversies, stating that these are merely evolving panic narratives that do not pose a substantial threat to the Bitcoin network.