Peter Schiff, CEO of Euro Pacific Capital, has raised the possibility that Bitcoin could record two consecutive annual declines for the first time in its history.
Schiff said on X on the 10th, “Bitcoin has never declined for two consecutive years in its 18-year history. It fell 6.34% in 2025, and is down 16.5% so far in 2026.” If Bitcoin also finishes this year lower, it would post negative annual returns for two consecutive years for the first time, he explained.
However, Schiff’s past forecasts for Bitcoin’s price have not had a high hit rate. Prediction Scorecard, a public forecast-tracking website, evaluated eight Bitcoin-related forecasts for which outcomes had been determined. One forecast, or 12.5%, was correct, while seven, or 87.5%, were incorrect. His forecast in 2017 that Bitcoin would eventually plunge was correct, while forecasts that it would “fail to reach $50,000,” “fail to reach $100,000,” “fail to approach its all-time high in 2020,” and “plunge below $10,000” were incorrect.
However, this ratio is not an official statistic covering all of Schiff’s statements; it is the result of a third party classifying public forecasts whose timing and outcomes could be assessed. Forecasts whose outcomes have not yet been determined, such as the prediction that “Bitcoin will reach $0,” were excluded from the calculation.