Renowned economist Peter Schiff warned Thursday that Bitcoin (CRYPTO: BTC) could crash to $20,000 or lower, urging market participants to exit before it’s too late.
Schiff’s Super Bearish Prediction
In an X post, Schiff suggested that Bitcoin, which, according to him, is on the verge of sliding below $50,000, could drop even further to $20,000, marking an 84% drawdown from its all-time high.
“I know Bitcoin has done that before, but never with so much hype, leverage, institutional ownership, and market cap at stake,” he added. “Sell Bitcoin now!”
If Bitcoin breaks $50K, which looks likely, it seems highly likely it will at least test $20K. That would be an 84% drop from its ATH. I know Bitcoin has done that before, but never with so much hype, leverage, institutional ownership, and market cap at stake. Sell Bitcoin now!
— Peter Schiff (@PeterSchiff) February 19, 2026
‘Volatility …Full story available on Benzinga.com
