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
Bitcoin Rebounds Above $70,000, Asian Tech Stocks Decline and Gold Strength Put Pressure
Bitcoin rebounded above $70,000 on March 20, with a market cap of approximately $1.41 trillion, but gains were limited by declines in tech stocks and rising demand for safe-haven assets. Institutional capital outflows indicate slowing Bitcoin demand, and investors need to monitor market dynamics to assess potential risks.
GateNews5m ago
Bitcoin price reproduces the earlier crash pattern, with $65,800 as a key support level
Bitcoin price trend is similar to last year, currently around 70,335 USD, showing potential market pressure. If it breaks below 65,800 USD, a new round of decline may follow; breaking through the upper band could lead to a rebound. Market sentiment is cautious, investors need to pay attention to key support and resistance levels, while being vigilant about downside risks and preparing for an upside rebound.
GateNews6m ago
Hyperliquid Price Jumps 22% as Commodity Trading Hits Record
Key Insights:
Hyperliquid surged over 20% weekly, driven by record commodity futures trading volumes, especially oil and silver contracts, gaining strong traction among traders.
Whale activity surpassed $3.6 billion in leveraged positions, boosting liquidity and reinforcing upward momentum a
CryptoFrontNews10m ago
Pi Network (PI) signals an early recovery after the new mainnet upgrade
Pi Network's recent upgrade to mainnet version 20 enables smart contract deployment, boosting ecosystem development. However, PI token faces downward pressure, trading below resistance levels with bearish technical indicators. Recovery is dependent on surpassing the $0.1950–$0.2000 resistance zone.
TapChiBitcoin15m ago
Bittensor Holds Strength but Faces Resistance Near $285 Level
Key Insights:
Bittensor maintains strong short-term momentum above key averages, while ETF developments and high staking levels continue shaping liquidity and investor demand dynamics.
Overbought technical indicators signal stretched conditions, even as bullish momentum persists,
CryptoFrontNews20m ago
Cardano’s Chart Just Printed a “Black 9” – Here’s Where ADA Price Could Go Next
Ali Martinez highlights a significant technical signal for Cardano, specifically the TD Sequential indicator showing a "black 9," suggesting a potential price reversal after a prolonged downtrend. If ADA maintains support at $0.23, it could rise to $0.32 and $0.37. However, failure to hold this level might invalidate the bullish setup.
CaptainAltcoin30m ago
