Bitcoin Fears Mount: Peter Schiff Warns Of 84% Crash Scenario
Posted On February 20, 2026
Bitcoin‘s (CRYPTO: BTC) latest pullback is reigniting a familiar warning from one of its most persistent critics. Economist Peter Schiff says the world’s largest cryptocurrency could be at risk of a historic collapse if key technical levels fail.
Schiff Flags Critical Breakdown Risk
Schiff warned that a break below the $50,000 level could trigger a deeper unwind, potentially sending Bitcoin down toward $20,000. Such a move would represent an 84% drop from its all-time high—a scale of decline Bitcoin has experienced in prior cycles, but never under today’s conditions.
His warning comes at a time when Bitcoin is struggling to regain upside …
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