Peter Schiff Comments on Bitcoin's $20K Risk
Economist and gold advocate Peter Schiff posted on X that the widely held market view that Bitcoin falling to $20,000 is "almost impossible" lacks supporting evidence. He noted that Bitcoin actually fell below $20,000 about 3.5 years ago, a period not far in the past, and thus the possibility of revisiting that price level cannot be ruled out. Schiff emphasized that significant asset drawdowns within relatively short cycles are not uncommon in financial markets, urging investors to assess risks rationally.
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