Michael Saylor, founder of Strategy, likens Bitcoin's current 45% drawdown to Apple's 2013 "valley of despair," when the tech giant's stock fell 45% from its peak. Saylor suggests that enduring such downturns is typical for successful technology investments. Bitcoin, currently priced at $63,304.16, has mirrored Apple's past decline, with significant losses recorded, including a $3.2 billion loss on February 5. Saylor attributes Bitcoin's more muted cycle to structural changes, such as the shift of derivatives activity to regulated U.S. markets, which has reduced volatility. He dismisses concerns about quantum computing as a distant threat, arguing that Bitcoin and other systems will adapt through global consensus. Saylor also downplays recent FUD narratives, including those involving Jeffrey Epstein files, as distractions from Bitcoin's long-term potential.