Peter Schiff questions the logic of BTC's resistance to decline: one should not underestimate the downside risk, and $20,000 may reappear

Economist and gold supporter Peter Schiff posted on the X platform, stating that the market generally believes it is "almost impossible" for Bitcoin to drop to $20,000, but this judgment lacks basis.

Bitcoin fell below the $20,000 level about 3.5 years ago, which is not too long ago, so the possibility of returning to that price range cannot be ruled out. Significant pullbacks in assets over a short period are not uncommon in financial markets.