Bitcoin Lags Stock Rebound as Peter Schiff Warns of Further Crash and Losing 2026
Bitcoin remained below $75,000 on November 10 even as US equities posted their strongest session in months, prompting economist Peter Schiff to warn of another crash. Sources also note Bitcoin is on track for its first back-to-back annual loss, though Schiff's past predictions have had a mixed record.
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Bitcoin Fails to Track Equity Recovery
Bitcoin traded between roughly $74,000 and $75,000 in the days after the US midterm elections, failing to match a sharp rally in US stocks. On November 9, the S&P 500 rose 2.35% to close at 7,549.94, the Nasdaq Composite gained 2.74%, and the Dow Jones Industrial Average added more than 1,100 points, according to the reporting from Crypto.news.
Bitcoin had fallen alongside technology stocks during the earlier sell-off, but it did not recover in the same way. Crypto.news reports that US spot Bitcoin ETFs recorded about $1.28 billion in net outflows between November 2 and November 6, with BlackRock's iShares Bitcoin Trust accounting for roughly $1.21 billion of that. Crypto.news also attributes part of the weakness to heavy liquidations and institutional withdrawals.
Schiff's Warning and His Track Record
In a November 10 post on X, economist and longtime Bitcoin critic Peter Schiff argued that Bitcoin had broken below an important support level while other markets, including gold, silver and mining stocks, rallied. He wrote, "There's a short window before the crash. Make sure to sell before it closes." This followed a November 5 call in which he described Bitcoin as a bubble.
Schiff's record is mixed. Crypto.news notes that he called Bitcoin a sinking ship during the March 2020 crash, after which it later climbed above $60,000 in 2021, and that his 2022 warnings about selling above $40,000 preceded a fall that was followed by new highs in 2024. Crypto.news also notes that his November 2025 call to sell near $93,000 came months before Bitcoin fell below $60,000. ZyCrypto, however, observes that Schiff tends to emphasize bearish views during downturns and was critical of Bitcoin during its rebound from roughly $57,000 to $86,000 earlier this year.
Annual Performance Disputed in Framing
ZyCrypto reports that Bitcoin is on track for its first back-to-back calendar-year losses in roughly 18 years of history. It cites a decline of about 6.3% to 6.4% in 2025, closing near $87,500 from a starting level around $93,400, and a year-to-date drop of more than 16% to around $73,000. Its figures for 2025 differ from Crypto.news's account, which describes the year-end figures in different terms, so the precise annual change should be checked against a primary price dataset before it is cited.
ZyCrypto also notes that Bitcoin's prior down years, including 2014, 2018 and 2022, were each followed by a positive year, and that 2025 was a mild decline rather than a sharp one. Neither source presents a forecast with supporting data, and both rely on Schiff's statements and recent price moves rather than on an independent model.
What to Watch
The near-term picture depends on whether ETF outflows continue and whether Bitcoin can recover the support level Schiff cites. Equity markets have shown a rebound, so the divergence itself is the main signal in the current reporting. Readers should weigh Schiff's warnings against his history of both correct and incorrect calls.
Why It Matters
For Traders
Bitcoin's divergence from equities and continued ETF outflows make the $74,000 to $75,000 range a level to watch, though neither source supports a specific trade.
For Investors
A possible first back-to-back annual loss would be a notable break from Bitcoin's history of rebounds, but the sources give little data to judge its durability.
For Builders
Persistent gaps between Bitcoin and equity correlation may matter for products that assume stable cross-asset behavior in risk models.
This article is for information only and is not financial advice. Read the full disclaimer.
