Peter Schiff Warns Bitcoin Could Fall to $20K as BTC Stays Under $60K

Bitcoin remained under pressure, trading below the $60,000 level after falling about 6% over the past week, as volatility persisted across the cryptocurrency market.

Against this backdrop, long-time Bitcoin critic Peter Schiff said in a post on X that a decline to $20,000 should not be ruled out. He noted that Bitcoin was trading below that level roughly three and a half years ago, suggesting that revisiting prior price ranges is not unusual in financial markets.

Schiff also drew a comparison with equities, arguing that stocks can return to multi-year lows and that Bitcoin’s higher volatility makes such movements more likely.

Source: Peter Schiff