An interesting parallel I recently heard from Michael Saylor. He draws an analogy between what Bitcoin is going through now and the period when Apple seemed doomed to many.

Remember that phase? When everyone was talking about the 'valley of despair,' when investors lost faith, and critics predicted collapse.

Saylor sees this not as a crash, but as a natural stage of evolution. The iPhone went through this valley and emerged victorious. According to him, Bitcoin is at a similar point — a period of doubt, when traditional investors like Warren Buffett remain skeptical, and the mainstream has yet to grasp its true value.

What’s interesting is that this isn’t just an optimistic narrative. Saylor points out that every revolutionary product goes through such a phase of distrust. People didn’t believe in the iPhone, didn’t believe in the internet. History has shown who was right.

If this parallel is correct, then those experiencing current volatility and doubts might find themselves in the position of investors who held Apple at the bottom of the valley of despair. Time will tell how accurate this analogy is.