Bitcoin Pullback Compared to Apple's 2013 Low Point

Bitcoin's recent price drop has sparked concerns among investors. However, Michael Saylor believes that the 45% pullback is a normal part of the cryptocurrency's growth cycle. He pointed out that successful technology investments often experience deep corrections before rebounding.

Saylor drew parallels between bitcoin's current situation and Apple's low point in 2013. At that time, Apple's stock price had plummeted to $365 after a 45% drop from its peak of $644. However, the company was able to bounce back and reach new heights.

According to Saylor, structural changes in the derivatives market and restrictions on bank credit are reshaping this cycle and compressing volatility. This means that price movements may become more unpredictable, but also less extreme. He dismissed fear narratives related to quantum computing and the scrutiny of developer-related incidents, stating that they do not affect bitcoin's fundamental value.