Economist and longtime Bitcoin critic Peter Schiff warned that Bitcoin could collapse to $20,000 if the asset loses key support near $50,000.   His comments come as geopolitical tensions escalate following reports that the US military is preparing strike options against Iran. Peter Schiff’s Anti-Bitcoin Perception is Stronger than Ever Before Schiff argued that a drop below $50,000 now appears likely and could trigger a much deeper decline. He suggested Bitcoin may repeat historic crash patterns seen in previous cycles, even despite increased institutional adoption and broader mainstream interest