Just caught Michael Saylor making an interesting comparison between Bitcoin's current position and where Apple found itself during its darkest period. You know, that phase when everyone thought the company was done for before the iPhone changed everything.

The way he frames it is pretty compelling - Bitcoin might be going through something similar right now. That phase of despair where critics are loudest and believers are quietly accumulating. Apple had to survive years of skepticism, failed products, and near-bankruptcy before hitting that inflection point.

Saylor's angle is that we're potentially in Bitcoin's own valley of despair moment. The macro headwinds, the regulatory uncertainty, the constant 'Bitcoin is dead' takes - it mirrors what Apple faced before their legendary comeback.

If the parallel holds, what comes after despair is usually pretty significant. Worth thinking about whether we're actually closer to an inflection point than most people realize. The chart patterns and on-chain metrics certainly suggest something's shifting beneath the surface.

Anyway, it's a framework that's been rattling around in my head. Whether Bitcoin follows Apple's trajectory or not, the historical comparison is worth considering for anyone thinking about long-term positioning.