Peter Schiff Cites History: Bitcoin Fell Below $20,000 Before
According to ChainCatcher, economist and gold advocate Peter Schiff posted on X that the prevailing market view that Bitcoin falling to $20,000 is 'almost impossible' lacks supporting evidence. Schiff noted that Bitcoin dipped below $20,000 about 3.5 years ago, a timeframe that is not distant, so the possibility of revisiting that price range cannot be ruled out. He emphasized that sharp drawdowns over relatively short cycles are not uncommon in financial markets.
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