Peter Schiff Questions Market Consensus on $20,000 Bitcoin Floor, Cites 3.5-Year-Old Precedent

BTC-1.84%
According to ChainCatcher, economist and gold advocate Peter Schiff recently challenged the market consensus that Bitcoin cannot fall to $20,000, arguing the widespread belief lacks sufficient justification. Schiff noted that Bitcoin fell below the $20,000 level approximately 3.5 years ago, a timeframe that is not distant, and therefore the possibility of returning to that price range cannot be ruled out. He added that significant asset drawdowns within short periods are not uncommon in financial markets.
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