Peter Schiff Questions BTC Market Optimism: Why Is It 'Almost Impossible' for $20,000 to Happen Again?

Odaily Planet Daily News Economist and gold advocate Peter Schiff stated in his latest commentary that the market widely believes it is "almost impossible" for Bitcoin to drop to $20,000, but this judgment lacks a solid basis.

Schiff pointed out that Bitcoin fell below the $20,000 level approximately 3.5 years ago, a period not so distant that a return to this price range can be ruled out. Significant retracements of assets within relatively short cycles are not uncommon in financial markets. He further noted that due to Bitcoin's higher volatility compared to most stocks, a pullback of similar magnitude under changes in macro or liquidity conditions is "entirely reasonable," and the market should not underestimate the downside risk.