Peter Schiff Questions Optimism in BTC Market: Why is $20,000 Considered Impossible to Revisit?

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

Schiff pointed out that Bitcoin fell below the $20,000 level about 3.5 years ago, a period not too distant, so the possibility of returning to that price range cannot be ruled out. Significant asset pullbacks within short cycles are not uncommon in financial markets. He further noted that due to Bitcoin's higher volatility compared to most stocks, a correction of a similar magnitude under changes in macroeconomic or liquidity conditions is "completely reasonable," and the market should not underestimate the downside risk.