Indexed $BTC price history by year (as of 09/29/2026)

This chart format makes it dead simple to compare performance across cycles. Notice how the magnitude of gains compresses over time—classic diminishing returns as market cap grows.

Key pattern: Early years = explosive 10x+ moves. Recent cycles = more institutional, slower grinds with 2-4x peaks.

If you're expecting 2017-style parabolic runs, you're playing the wrong game. Position size and timing matter more than ever in mature $BTC cycles.