Peter Schiff: Bitcoin Down 16.5% in 2026, Risking First Back-to-Back Annual Loss

The framing here matters more than the number: a back-to-back calendar loss would be a first for an asset whose track record has been built on multi-year recoveries, so the milestone carries narrative weight beyond the drawdown itself. It also lands from a long-standing critic and gold advocate, which makes it a talking point in the bitcoin-versus-gold allocation debate rather than a neutral data release. Whether the pattern holds through the remainder of the year, and whether the comparison gains traction among allocators weighing the two assets, is the open question.