Bitcoin Is Going Through 'Valley Of Despair,' Michael Saylor Says, Comparing It To Apple

Saylor also dismissed concerns around the quantum computing threat to Bitcoin and the technology’s recent links to the convicted sex offender Jeffrey Epstein ."The derivatives market is migrating from offshore to onshore and it is maturing," he said. "And so as derivatives in the U.S. regulated markets grow, that strips some of the volatility off of Bitcoin and some of the upside off of it. It damps the upsides. It also damps the downside. Instead of an 80% drawdown and an 80 vol, you get a 40% or 50% drawd ...