Michael Saylor: A 40%-50% pullback in Bitcoin is "relatively moderate," similar to the low period Apple Inc. once experienced

CoinNetwork · 2026-02-24T17:00:06+00:00

Bitcoin Treasury Company founder Michael Saylor pointed out that successful tech investments often experience a 45% drawdown. The current Bitcoin market decline can be compared to Apple in 2013. He believes this round of retracement could last two to three years, or even seven years, but the volatility is relatively moderate due to derivatives trading shifting from offshore markets to regulated markets.

CoinNetwork

2026-02-24 17:00:06

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CoinWorld News: Michael Saylor, founder of Bitcoin Treasury Company Strategy, recently stated in an interview that almost all successful tech investments must endure a 45% drawdown and “cross the valley of despair.” Bitcoin investors should compare the current market decline to 2013, when Apple’s stock price fell 45% from its peak, and it took seven years to fully recover its valuation. The current Bitcoin retracement has lasted 137 days and could continue for two to three years, or even seven years. “If it’s seven years, congratulations, just like Apple,” he said. However, this cycle’s fluctuations are relatively mild, related to changes in market structure. Derivatives trading is shifting from offshore platforms to regulated U.S. markets, compressing two-way volatility, which has brought the potential 80% retracement down to a 40%–50% range.

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