Economist and gold advocate Peter Schiff has raised concerns about Bitcoin's downside risk, suggesting that a return to the $20,000 level is possible. In a recent post on platform X, Schiff criticized the prevailing market sentiment that views a drop to $20,000 as "almost impossible," arguing that this belief is unfounded. He noted that Bitcoin fell below $20,000 just 3.5 years ago, highlighting the potential for significant drawdowns in financial markets over short cycles.