The ghost of the iPhone: Why Michael Saylor thinks bitcoin is mirroring Apple’s legendary ‘valley of despair’

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Why This Matters

Michael Saylor believes bitcoin's recent 45% drawdown is comparable to Apple's 2013 slump, suggesting that enduring deep corrections is a characteristic of successful technology investments.

Market Impact

Market impact analysis based on bullish sentiment with 80% confidence.

Sentiment
Bullish
AI Confidence
80%
Time Horizon
Short Term

Article Context

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Michael Saylor compared bitcoin’s 45% drawdown to Apple’s 2013 slump, arguing that enduring deep corrections is part of every successful technology investment.

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Original article published by CoinDesk on February 24, 2026.
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