Economist and gold advocate Peter Schiff posted on X that the widespread market belief that Bitcoin falling to $20,000 is "almost impossible" lacks evidence. He noted that Bitcoin fell below $20,000 about 3.5 years ago, a timeframe not far away, and thus a return to that price range cannot be ruled out. Sharp pullbacks in assets over short cycles are not uncommon in financial markets.
Economist and gold advocate Peter Schiff posted on X that the widespread market belief that Bitcoin falling to $20,000 is "almost impossible" lacks evidence.
Schiff pointed out that Bitcoin fell below $20,000 about 3.5 years ago, a timeframe not far away, so a return to that price range cannot be ruled out. He emphasized that sharp pullbacks in assets over short cycles are not uncommon in financial markets.
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