Peter Schiff, a long-time critic of Bitcoin, has issued a warning that the cryptocurrency could fall to $20,000 if market conditions worsen. Schiff highlighted that a break below the $50,000 level could trigger accelerated selling, potentially leading to an 84% decline from Bitcoin's October all-time high of over $126,000. Despite his warnings, Bitcoin showed resilience, trading at $68,134, up 1.5% in the last 24 hours. Schiff's bearish outlook is consistent with his historical stance on Bitcoin, having made over 200 negative statements about the cryptocurrency since 2011. He argues that Bitcoin's volatility and lack of intrinsic value make it susceptible to sharp corrections. While Schiff sees institutional involvement as a potential risk, other analysts believe it strengthens the market by providing deeper liquidity and stability. This ongoing debate underscores the divide in expectations for Bitcoin's future.