Peter Schiff questions the optimistic outlook for the BTC market: Why is it impossible for $20,000 to appear again?

According to Odaily, economist and gold advocate Peter Schiff stated in his latest comments that the market generally believes it is “almost impossible” for Bitcoin to fall to $20,000, but this judgment lacks basis.

Schiff pointed out that Bitcoin fell below the $20,000 level about three and a half years ago, which is not too distant, so it is not possible to rule out the possibility of returning to that price range. It is not uncommon for assets to experience significant retracements within a short timeframe in financial markets. He further stated that since Bitcoin is more volatile than most stocks, a similar magnitude of correction is “completely reasonable” in the event of macro or liquidity environment changes, and the market should not underestimate the downside risk.