I just read Michael Saylor's opinion on Bitcoin, which is quite interesting. He said Bitcoin is currently in a phase similar to Apple's 'valley of despair' back then — if you know Apple's history, that phase was the darkest period before their spectacular comeback.

Saylor describes the current crypto market situation with a good analogy. According to him, the size of the global investment map still doesn't fully encompass Bitcoin's potential as a digital asset. That means many institutional investors are still hesitant, market sentiment remains negative, but the technological fundamentals remain strong.

What’s interesting from this perspective is the historical parallel. Apple was also considered 'dead' in the 90s, before the iPhone revolutionized everything. Saylor seems to see the same pattern in Bitcoin — a phase of deep skepticism before wider mainstream adoption.

Apple’s new gadgets used time to gain market acceptance. Just like Bitcoin, the scope of work to build infrastructure and education is still ongoing. Saylor believes this is not the end, but a transition toward the next phase that will be much bigger.

If this analogy is accurate, then investors still holding Bitcoin during this 'valley of despair' phase might be in the same position as early Apple believers. Of course, the future is always uncertain, but the logic is quite solid. Dark phases usually precede bright ones, and the size of the crypto market map still has plenty of room to grow in the future.