Bitcoin and Gold Are 2026’s Worst Asset Classes So Far, and Crypto Stocks Have Fared Worse: Can Coinbase and Strategy Earnings Change the Story This Week?

Crypto stocks enter earnings week trailing almost everything. Charlie Bilello’s table on Friday, October 23, ranked Bitcoin (−7.3%) and gold (−7.5%) the weakest of 21 asset classes in 2026, with Coinbase and Strategy reporting on Thursday. Commodities lead the year with a 52.5% gain. Coinbase shares are down 27%. The divide is stark. Investors who bought US stocks or a basket of commodities are comfortably ahead this year; those who sought shelter in the two classic stores of value are not. Can this week’s earnings reports give the crypto sector a reason to catch up?