Economist and gold advocate Peter Schiff stated on X that the market consensus that Bitcoin falling to $20,000 is 'almost impossible' lacks evidence. He noted that Bitcoin dropped below $20,000 about 3.5 years ago, making a return to that level plausible. Large drawdowns in short periods are not uncommon in financial markets, so the possibility cannot be dismissed.
According to ChainCatcher, economist and gold advocate Peter Schiff posted on X that the market generally believes it is 'almost impossible' for Bitcoin to drop to $20,000, but this judgment is unfounded. Bitcoin fell below $20,000 about 3.5 years ago, a period not so distant, so the possibility of revisiting that price range cannot be ruled out. Significant retracements within short cycles are not rare in financial markets.
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