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

CoinDesk

by Shaurya Malwa

February 24, 2026

AI-Generated Deep Dive Summary

Michael Saylor, a prominent advocate for Bitcoin and founder of MicroStrategy, has drawn parallels between Bitcoin’s recent 45% drawdown and Apple’s infamous 2013 slump. In an interview with Natalie Brunell’s Coin Stories podcast, Saylor argued that enduring significant corrections is a common experience for successful technology investments. He emphasized that Bitcoin’s current trajectory mirrors Apple’s recovery journey, which took seven years to fully recover after hitting its low point in 2013. Saylor’s message to Bitcoin holders: brace yourselves for what could be a prolonged period of volatility and uncertainty, but remain confident in the long-term potential of this transformative technology. The comparison to Apple highlights the challenges faced by both companies during their respective valleys of despair. In 2013, Apple was struggling

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Originally published on CoinDesk on 2/24/2026