Given the current circumstances, does something similar seem to be emerging?
Can't happen, in 2017 BTC price did 20x increase; there was no way for difficulty to catch up with that, so profit for existing miners went up at least 10x. This year BTC can hardly do 2x and while difficulty can't do a 2x in a short period of time, the baseline of current profitliy is terrible anyway, so even if were to assume that diff won't follow price, a 2x increase in
BTC price isn't going to be a massive game changer.
2017 was a year from another universe -- I am so glad I witnessed it because it will be remembered forever.
Jan 2017 say 1000
Dec 2017 say 19000
The marketcap value was 1,000x16,000,000 that's about 16,000,000,000
16 or 17 billion
At the end of the year at 19x17= 323 billion
Many people can trapped in the thought that 16 to 323 was done
But 1630 billion can not go 10x to 16300 billion
Or 1.63 trillion can not go to 16.3 trillion
Well let's examine this belief
16.3-1.63= 14.67 trillion gain.
Check golds gain in 2025. Marketcap wise.
Gold was 2.6 k an oz in Jan 2025 about 26 trillion dollars
Gold was 5.2 k an oz in Jan 2026 about 52 trillion dollars
A cap gains over 26 trillion we did see in about a year.
I have seen other estimates of the marketcap gain some as low as 17 trillion
Either market cap gain 17 or 26 trillion would mean insane gains for btc
Also silver went from 1.5 trillion to 5 trillion or a bit over 3x market cap.
That would move btc to 3x 83k in under a year ie 249k for btc in under 7 months.
Check silvers move out.
Last sat I was on vacation in Newark NY spent a few nites on the Erie Canal
We hit a strong drop on Sat the 3rd.
Newhedge.io
Latest Block: 970401 (2 minutes ago)
Current Pace: 105.5354% (706 / 668.97 expected, 37.03 ahead)Previous Difficulty: 132757073449487.5
Current Difficulty: 132716002350731.3
Next Difficulty: between 136878083720593 and 140088833333931
Next Difficulty Change: between +3.1361% and +5.5553%
Previous Retarget: last Saturday at 3:15 AM (-0.0309%)
Next Retarget (earliest): October 16, 2026 at 9:37 AM (in 8d 14h 52m 54s)
Next Retarget (latest): October 16, 2026 at 5:04 PM (in 8d 22h 19m 22s)
Projected Epoch Length: between 13d 6h 22m 36s and 13d 13h 49m 4s
We went down last jump but we are making it back up this jump.