Gold and Bitcoin Are Now 2026’s Worst Major Assets: What Went Wrong?

Dextape brief

By Dextape Desk · October 31, 2026

Bitcoin and gold now rank last among 21 major asset classes so far this year, a first in a Creative Planning dataset dating to 2011, according to chief market strategist Charlie Bilello. Through October 23, gold was down 7.5% and bitcoin 7.3%, and both have since fallen further, to roughly 10% and over 11%. Higher oil prices and expectations of tighter monetary policy have hurt both, after they had gained from worries about debt. Gold rose 64% in 2025 before reaching a record $5,500 an ounce in January, then gave back those gains and briefly fell below $4,000 this week. Bitcoin dropped from a $126,000 peak to about $80,000, roughly 35% lower.

Why it matters: The result shows that two assets which recently drew interest as hedges against debt worries can reverse quickly when macro conditions shift.

Mentioned: Bitcoin

Summary by Dextape, based on reporting by CryptoPotato. Written with AI from the publisher’s text and checked automatically for copied wording and unsupported figures. Not investment advice.