Peter Schiff warns that Bitcoin could plummet to $20,000 – is it possible?

Nakamoto 2026-2-20 12:34 76876人围观 BTC

* Peter Schiff warns that Bitcoin could plummet to $20,000 if it breaks through $50,000, citing a historic pullback and rising market risks. *His prediction comes as Bitcoin trades near $66,000 and as concerns about a U.S.-Iran war add to uncertainty in g

* Peter Schiff warned that if Bitcoin breaks through $50,000, it could plummet to $20,000, citing a historic pullback and rising market risks. * His prediction comes as Bitcoin trades near $66,000 and as concerns about a U.S.-Iran war add to uncertainty in global markets. * On-chain data points to short-term weakness, but there are also signs of oversoldness, suggesting greater volatility ahead rather than an inevitable collapse.

Economist and long-time Bitcoin critic Peter Schiff has warned that if Bitcoin loses key support near $50,000, the price could plummet to $20,000.

His comments come amid rising geopolitical tensions, with reports that the U.S. military is preparing an attack plan against Iran.

Peter Schiff’s Anti-Bitcoin Views Are Stronger Than Ever

Schiff believes that the possibility of a drop below $50,000 now looks likely and could trigger a deeper decline. He suggested that despite increased institutional adoption and broader mainstream interest, Bitcoin could repeat the historic crash pattern seen in previous cycles.

His warning comes as Bitcoin trades near $66,000, down sharply from recent cycle highs.

Schiff has been one of Bitcoin's staunchest skeptics for more than a decade. He has repeatedly described Bitcoin as a speculative bubble and argued that it lacks intrinsic value.

In previous bull markets, he predicted major crashes while continuing to promote gold as a superior store of value.

However, Bitcoin has also recovered from severe corrections multiple times and reached new highs over time.

His latest warning comes at a fragile moment for the crypto market. Global risk sentiment weakened on concerns that the United States might take military action against Iran.

Historically, Bitcoin has often fallen in the early stages of geopolitical shocks as investors reduce their exposure to volatile assets.

On-chain data supports that short-term weakness is still possible. The short-term holder SOPR indicator is currently below 1, indicating that buyers have been selling at a loss recently.

This reflects the fear and continued capitulation of vulnerable investors.

Meanwhile, another key metric tells a different story. Bitcoin’s short-term Sharpe ratio has dropped to an extremely negative value.
This suggests that Bitcoin has experienced unusually low returns relative to volatility.

In past cycles, this condition has typically occurred near local bottoms rather than the beginning of a longer-term breakdown.

This creates a complicated outlook. While geopolitical pressure and weak sentiment may push Bitcoin lower in the short term, much of the speculative excess appears to have been cleared.

Schiff’s forecast reflects rising uncertainty — but on-chain data suggests the market may be closer to a reset phase than the start of a full-blown collapse.
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