Peter Schiff Says 'Highly Likely' Bitcoin 'At Least' Falls To $20,000: 'I Know BTC Has Done That Before, But...'

February 24, 2026 - 00:52

Renowned economist and longtime cryptocurrency skeptic Peter Schiff issued a stark warning on Thursday, stating it is "highly likely" that Bitcoin will fall to at least $20,000. He urged market participants to consider exiting their positions before a significant downturn.

Schiff elaborated on his bearish outlook, acknowledging Bitcoin's history of dramatic recoveries but emphasizing his belief that the current cycle is different. He argued that the market dynamics and macroeconomic pressures facing the flagship cryptocurrency are more severe than in previous periods of volatility.

The economist's comments come amid heightened volatility in the digital asset markets. Schiff has consistently criticized Bitcoin, arguing it lacks intrinsic value and is a speculative asset rather than a true currency or safe-haven investment like gold. His latest prediction targets a price level not seen since late 2022, which would represent a substantial drop from current valuations.

Market analysts remain divided on the short-term trajectory for Bitcoin, with some viewing any major pullback as a buying opportunity, while others share concerns about broader economic headwinds. Schiff's warning adds a prominent voice to the chorus of caution, highlighting the ongoing debate about digital assets' stability and long-term viability in a challenging financial landscape.