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[Peter Schiff: The Logic Behind Bitcoin's Resilience Lacks Basis, Risk of Dropping to $20,000 Should Not Be Underestimated] Peter Schiff posted on the X platform, stating that the widespread belief that Bitcoin dropping to $20,000 is nearly impossible lacks basis. Bitcoin fell below the $20,000 level approximately 3.5 years ago, and the possibility of returning to that price range cannot be ruled out. Given that Bitcoin is more volatile than most stocks, a significant pullback under changes in macroeconomic or liquidity conditions is entirely reasonable. The market should not underestimate the downside risk.