Bitcoin Is Going Through 'Valley Of Despair,' Michael Saylor Says, Comparing It To Apple [Yahoo! Finance]
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Source: Yahoo! Finance
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Bitcoin's recent downturn could be just like Apple's (NASDAQ: AAPL ) in 2012, according to Strategy (NASDAQ: MSTR ) Chair Michael Saylor Bitcoin's recent nearly 47% drawdown from its record price of $126,000 in October is similar to Apple's stock crash between 2012 and 2013 and "the valley of death" it was stuck in until 2020, Saylor said in an episode of the "Coin Stories" podcast released on Feb. 23. Apple's stock crashed 45% between 2012 and 2013, despite everyone agreeing it had found product-market fit, Saylor told “Coin Stories” host Natalie Brunell Don't Miss: The AI Marketing Platform Backed by Insiders from Google, Meta, and Amazon — Invest at $0.85/Share Build your own AI-powered index in minutes — and earn an uncapped 1% match when you move your portfolio to Public. Learn how it works. Saylor suggested that, like Apple's 2012 crash, the recent Bitcoin crash wa
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