Peter Schiff Mocks Bitcoin Drop as Gold, Stocks Outperform BTC in 2026
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Bitcoin is down ~11% YTD in 2026 while gold +9%, silver +11%, NASDAQ +13% and Russell 2000 +14%, undermining BTC's uncorrelated/store-of-value narrative (crypto, Bitcoin, market performance). MicroStrategy posted a $12.5B Q1 2026 loss and CEO Michael Saylor said the company could sell Bitcoin; Peter Schiff renewed attacks calling Saylor’s STRC model unsustainable, highlighting fundraising/liquidity and market-risk concerns.
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- Peter Schiff mocked Bitcoin as gold, silver, and major stock indexes posted gains in 2026.
- Schiff renewed attacks on Michael Saylor’s STRC model, calling it unsustainable.
- Strategy posted a $12.5B Q1 2026 loss as Saylor admitted the company could sell Bitcoin.
Bitcoin critic Peter Schiff took aim at BTC holders after the asset posted an 11% decline so far in 2026, even as traditional markets and metals moved higher.
In a post on X, Schiff compared Bitcoin’s performance against several major assets. Gold gained 9% this year, silver climbed 11%, the NASDAQ rose 13%, and the Russell 2000 advanced 14%. Bitcoin, meanwhile, moved in the opposite direction.
Schiff mocked the idea that Bitcoin had become an “uncorrelated asset,” arguing that BTC continued falling even while both risk-on and defensive assets rallied.
The comments came as Bitcoin continues to f…
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