Michael Saylor Says Bitcoin Slump Mirrors Apple’s Comeback Era
Valley of Despair?Michael Saylor is pushing back hard against Bitcoin critics as prices cool and MicroStrategy faces billions in paper losses. In a candid interview, he compared BTC’s slump to Apple and Amazon’s early struggles. Is this just part of the cycle? Read on.
Quick Summary
- Michael Saylor says Bitcoin is in a temporary “wilderness” phase similar to early Apple and Amazon
- MicroStrategy is sitting on roughly $9 billion in unrealized losses amid BTC’s pullback
- Saylor argues volatility is normal and long-term conviction is what matters most
Bitcoin’s recent pullback has reignited criticism, but Michael Saylor is not backing down.
In a recent appearance on Natalie Brunell’s Coin Stories podcast, the Strategy founder defended Bitcoin’s long-term outlook even as his company holds billions in paper losses. MicroStrategy, now rebranded simply as Strategy, has accumulated one of the largest corporate Bitcoin treasuries in the world.
At current prices, the firm is reportedly facing around $9 billion in unrealized losses. These are “paper losses,” meaning the company has not sold its BTC holdings. The value fluctuates with the market.
Saylor compared Bitcoin’s current phase to what he calls the “wilderness years” of companies like Apple and Amazon. Both tech giants experienced deep drawdowns and extended periods of doubt before becoming dominant global brands.
He also referenced Apple’s so-called “valley of despair” period before the iPhone transformed the company’s future. According to Michael Saylor, Bitcoin is going through a similar test of conviction.
Critics argue that corporate Bitcoin strategies expose shareholders to extreme volatility. Bitcoin has seen multiple corrections of 70 percent or more in past cycles. For traditional investors, that level of drawdown is uncomfortable.
Saylor’s view is simple –
- Bitcoin is a long-term digital asset, not a short-term trade
- Volatility is the price investors pay for outsized returns
- Institutional adoption is still in early stages
He believes Bitcoin’s fixed supply and decentralized structure give it an edge over fiat currencies that can be printed endlessly. For newer investors, this argument centers on scarcity. Only 21 million BTC will ever exist.
The market sentiment, however, remains mixed. Some analysts see the current downturn as part of a normal post-halving consolidation phase. Others question whether corporate leverage tied to Bitcoin could increase systemic risk if prices fall further.
This article is not financial advice. Cryptocurrency investments involve risk, and prices may fluctuate significantly. Always conduct your own research. Gambling involves financial risk and may not be suitable for everyone. Please play responsibly and seek help if gambling becomes a problem.
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Author
Mateo’s interest in journalism began at his school newspaper, where he decided to pursue it as a career. After graduating, he started covering news in the iGaming and betting industry and has been doing so professionally for the past two years. When he’s not working, Mateo can usually be found on the tennis or badminton court.