Bitcoin and Gold Hit a Historic First in 2026. The Two “Safe Havens” Are Now the Worst Assets

Bitcoin and gold were the worst-performing major assets in 2026 through Oct. 23, down 7.3% and 7.5%, according to Creative Planning strategist Charlie Bilello. Bilello said no calendar year in his 21-asset ranking had both ranked last together, despite their use as inflation and market-stress hedges. Gold’s drop followed a 63.7% gain in 2025 and a climb above $5,400 an ounce early in 2026; it closed Friday at $3,995.81 after slipping below $4,000 for the first time since July. Bitcoin, at $80,472 and 35% below its peak above $126,000 last October, is headed for a second losing year after a 6.3% drop in 2025. Neither pays interest; higher oil prices feed inflation and can push the Federal Reserve to raise rates.