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Bitcoin may drop below $50K, possibly to $20K, amid market complacency and geopolitical risks, says economist Peter Schiff.

Market News
03 Jun 2026, 13:36 WIB
Finbold
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Bearish
Bitcoin may drop below $50K, possibly to $20K, amid market complacency and geopolitical risks, says economist Peter Schiff.

Economist Peter Schiff predicts Bitcoin's price could fall below $50,000 and eventually reach $20,000, citing excessive market complacency and recent price retracements. The drop is partly linked to Michael Saylor's company selling some Bitcoin to cover costs and rising geopolitical tensions in the Middle East, which may increase risk-off sentiment among investors. Schiff also suggests this Bitcoin decline could signal broader risk asset sell-offs, potentially driving investors toward safer assets like gold. The situation remains uncertain, with geopolitical factors and market reactions to be closely watched.

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