Peter Schiff Warns Bitcoin Could Crash to $20,000

Peter Schiff warned Bitcoin could crash to $20,000 if it breaks $50,000, citing historical drawdowns and rising market risk. His prediction comes as Bitcoin trades near $66,000 amid US–Iran war fears that have increased uncertainty across global markets. Schiff said a drop below $50,000 now appears likely and could trigger a much deeper decline, potentially testing $20,000 — an 84% fall from its all-time high.

A longtime critic, he has repeatedly called Bitcoin a speculative bubble, promoted gold as a superior store of value, and urged holders to sell. On-chain indicators offer a mixed outlook. The Short-Term Holder SOPR sits below 1, showing recent buyers are selling at a loss and signaling ongoing capitulation, while the short-term Sharpe ratio has fallen to levels that in past cycles often appeared near local bottoms and preceded sharp recoveries.

That suggests volatility ahead: geopolitical stress could push prices lower in the short term, even as much speculative excess may already be flushed out.

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