New Delhi, Feb. 20 -- Bitcoin has seen a sharp reversal from its peak, reigniting warnings from long-time cryptocurrency critic Peter Schiff, who has cautioned that the digital asset could face significantly deeper losses. Bitcoin is currently trading about $58,000 lower, or more than 46%, from its all-time high of $126,198.07, which was recorded on October 7, 2025.

Amid the steep correction, Schiff issued a stark warning, suggesting that the worst may still lie ahead for the world's largest cryptocurrency.

"If Bitcoin breaks $50K, which looks likely, it seems highly likely it will at least test $20K. That would be an 84% drop from its ATH. I know Bitcoin has done that before, but never with so much hype, leverage, institutional ownersh...