Odaily Planet Daily reports that 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 pullback 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 volatility is 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 narrowed the potential 80% decline to a 40%–50% range. (CoinDesk)
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Today, the Fear and Greed Index dropped to 18, indicating the market is in a "Extreme Fear" state.
Foresight News reports that, according to Alternative.me data, the cryptocurrency Fear and Greed Index dropped to 18 today (yesterday the index was 22, indicating "Extreme Fear"), indicating that the market is in a "Extreme Fear" state.
GateNews2m ago
XRP Price Consolidates Under $1.5 — What Could Drive the Next Move to $2? - BTC Hunts
XRP is struggling to maintain its price above $1.40 amidst selling pressure and a bearish market. Key resistance at $1.48 and support at $1.33 will determine its next movement, with potential for upswing to $1.60 or a drop towards $1.20.
BTCHUNTS24m ago
Stock and bond sell-off, BTC holds the 70,000 level, Bitcoin outperformed gold this week
The ongoing military actions by the US and Israel against Iran continue to impact the market. Oil prices surged, causing US stocks and Bitcoin to decline, but Bitcoin's decline was smaller, and it outperformed gold this week. Disrupted energy supplies have sparked inflation concerns, leading to simultaneous declines in stocks and bonds. Investors remain optimistic about cryptocurrencies, with significant capital inflows.
ChainNewsAbmedia47m ago
Did Kaspa (KAS) Price Just Hit Its Cycle Low? Analyst Breaks Down What Could Happen Next
Kaspa (KAS) may be nearing a price bottom as it approaches key technical indicators like Fibonacci levels and a long-term trendline. Analysts suggest the cryptocurrency could stabilize around $0.24, potentially paving the way for a future upward move towards $1, contingent on market conditions.
CaptainAltcoin3h ago
Polkadot to Reset Tokenomics on March 12 With Major DOT Supply and Staking Changes
Polkadot will introduce a new monetary framework on March 12 that sets DOT’s supply cap at 2.1 billion and lowers emissions by 53.6%.
The overhaul will also create a Dynamic Allocation Pool and shorten the DOT unbonding period from 28 days to 24–48 hours.
On March 12, Polkadot will reset
CryptoNewsFlash4h ago
Solana Eyes $90.6 Trigger Point as $83 Support Holds and Liquidation Pressure Builds
A large cluster of short positions faces liquidation if SOL reaches $90.6, potentially increasing volatility.
SOL trades between $83.00 support and $89.58 resistance, keeping price action compressed in the short term.
SOL posts a 0.8% daily gain and rises 0.7% against BTC, holding
CryptoNewsLand4h ago
