Charlie

Bitcoin Gold

Gold

Bitcoin<a href="https://yellow.com/asset/btc" rel="noopener noreferrer nofollow">(BTC)</a> and gold are trailing every major asset class in 2026, testing their safe-haven role as <a href="https://yellow.com/news/spacex-stock-12-ipo-rally" rel="noopener noreferrer nofollow">investors move back into stocks</a>.
<h2 id="key-points">Key Points:</h2>
<blockquote>
 <ul>
 <li>Bitcoin is down 27% year to date, while gold has slipped 3%, according to Charlie Bilello.</li>
 <li>Other major assets, including the S&amp;P 500, small-cap stocks and value stocks, are in positive territory.</li>
 <li>Technology’s sharp outperformance has pulled capital toward earnings momentum and away from stores of value.</li>
 </ul>
</blockquote>
<h2 id="bitcoin-gold-losses">Bitcoin Gold Losses</h2>
Market analyst Charlie Bilello <a href="https://cryptopotato.com/bitcoin-gold-post-worst-ytd-returns-among-major-assets-challenging-their-safe-haven-status/" rel="noopener noreferrer nofollow">said</a> Bitcoin has fallen 27% year to date, while gold is down 3%, making them the only major assets in negative territory this year. The pairing stands out because, based on Bilello’s data going back to 2011, Bitcoin and gold have never ended a calendar year as the two weakest major asset classes.
The move has come while other markets have advanced. Bilello’s figures showed the S&amp;P 500 up about 9%, small-cap stocks higher by 19%, value stocks ahead by 15%, and emerging market equities outperforming expectations.
That contrast has made the selloff harder to explain.
Also Read:<a href="https://yellow.com/news/tesla-spacex-merger-3-4t-giant-still-lose-money" rel="noopener noreferrer nofollow">Tesla SpaceX Merger Talk: $3.4T Giant That Would Still Lose Money</a>
<h2 id="tech-rotation">Tech Rotation</h2>
Bilello pointed to a broad capital rotation rather than a simple rejection of safe-haven assets. He said technology has outperformed the S&amp;P 500 by 28% from the March lows, the largest such move on record and bigger than the 1999-2000 dot-com surge.
Technology now makes up nearly 40% of the S&amp;P 500, above the 35% peak reached during the dot-com bubble.
In that setting, investors have favored companies with earnings momentum over assets that offer little or no yield.
Bitcoin was trading above $66,000 at the time of writing after briefly touching $67,000 for the first time in two weeks. The rebound followed reports that the United States and Iran were preparing to sign a peace deal in Switzerland later this week, a development that lifted risk appetite across markets.
Gold traded near $4,300 per troy ounce, within a weekly range of $4,025 to $4,340. Its 3% year-to-date decline is modest compared with Bitcoin’s drop, but it still marks a reversal for an asset that spent much of the past two years near records.
Gold rose 63.7% in 2025 and 26.7% in 2024, while Bitcoin gained 121% in 2024. That history makes their shared 2026 slump unusual, especially as both assets remain tied to protection against uncertainty and monetary debasement.
Read Next:<a href="https://yellow.com/news/xlm-eyes-030-breakout-14-us-iran-deal" rel="noopener noreferrer nofollow">XLM Eyes $0.30 Breakout After 14% Surge On U.S.-Iran Deal</a>

Bitcoin Sinks, Gold Slips, And The Safe-Haven Story Gets Harder To Sell

Table of Contents

Yellow News

Other articles published on Jun 16, 2026

Join our free newsletter for daily crypto updates!