Bitcoin's Wilderness Period: Saylor Compares Crypto to Apple and Amazon

Bitcoin's latest pullback has sparked concerns among investors, with the cryptocurrency trading at $64,497.36 as of press time. However, Michael Saylor, executive chairman of MicroStrategy, believes this is a normal part of the journey for Bitcoin.

Saylor pointed out that Apple and Amazon both faced long periods of skepticism before becoming market leaders. He noted that it took Apple 13 years to fully recover from its 2007-2020 slump, which included a 45% price drop in 2012.

Similarly, Saylor argued that Amazon was doubted by traditional investors for nearly a decade before its value was finally recognized in 2020. He believes Bitcoin is currently facing a similar stage of acceptance, where it is widely acknowledged as a potential global digital capital asset but not yet fully embraced by mainstream capital allocators.