Peter Schiff Criticizes Bitcoin's Performance Amidst Gains in Traditional Markets

Bitcoin critic Peter Schiff has continued to express his skepticism towards the cryptocurrency's performance in 2026. In a recent post on X, Schiff compared Bitcoin's decline of 11% against several major assets, which have posted gains this year.

Gold gained 9%, silver climbed 11%, the NASDAQ rose 13%, and the Russell 2000 advanced 14%. Meanwhile, Bitcoin has faced resistance beyond the $80K price level and continues to move in the opposite direction of these traditional markets and metals.

Schiff argued that Bitcoin's performance contradicts its image as an 'uncorrelated asset,' which is often touted by its proponents. He also renewed his criticism of Michael Saylor's Bitcoin accumulation model, labeling it unsustainable.