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Peter Schiff warns Bitcoin could slide from $50,000 support toward $20,000 after recent drop
Economist Peter Schiff has reiterated a sharply bearish view on Bitcoin, arguing that a break below the key $50,000 support zone could open the way for a decline toward $20,000. His comments came on February 19, 2026, as Bitcoin traded around $68,210 following a pullback from levels above $70,000. Schiff maintains that heightened leverage, institutional exposure, and market capitalization could amplify downside pressure if this support fails.