Over the weekend, Bitcoin, the world’s largest crypto asset, notched an all-time high of ~$125k per coin. Recently, I wrote a Bitcoin commentary about Coinbase Global (COIN) CEO Brian Armstrong’s bold prediction that Bitcoin will reach $1 million per coin by 2030. You can read it here:

“Is Brian Armstrong’s $1 million BTC Prediction by 2030 Unrealistic?”

During the Fox Business interview where Armstrong made the prediction, he emphasized the significance and power of long-term thinking in relation to Bitcoin. While I agree with much of Armstrong’s bullish Bitcoin thesis and will take it into account, as an intermediate-term speculator, I also find value in dissecting what the current data sets are telling investors. Below are five of the most important Bitcoin charts.

Thanks to its reputation as ‘digital gold’ and the emergence of Bitcoin ETFs, such as the iShares Bitcoin ETF (IBIT) and the ARK 21Shares Bitcoin ETF (ARKB), 2025 is the year when Bitcoin officially transformed into an institutional-sized asset class. With a market cap of ~2.45 trillion, Bitcoin’s market cap has surpassed Amazon’s (AMZN) market cap and sits just below silver as the world’s seventh-largest asset.

Image Source: companiesmarketcap

Assuming 2025 finishes green, Bitcoin has produced positive annualized returns in 13 of the past 15 years, with triple-digit (or more) percentage returns in nine of those years.

Image Source: @charliebilello

Historically, September and October are the best months to own Bitcoin. Bitcoin has been green in October 73% of the time while averaging a robust 29.23% return. Meanwhile, with an average return of 37.64%, Bitcoin returns in November have been unmatched. You can read more about ‘Uptober’ here.

Image Source: Zacks Investment Research

Bitcoin that lives on exchanges, such as Coinbase, tends to change hands more frequently than Bitcoin held in cold storage. As Bitcoin demand increases, supply shocks can occur as the number of Bitcoins on exchanges is limited. Additionally, Bitcoin that is moved off exchanges is far more likely to be held by investors in the long-term, suggesting bullish conviction in Bitcoin’s future.

Image Source: glassnode

The Bitcoin hash rate measures the total computational power devoted to securing the Bitcoin blockchain. An elevated hash rate indicates that Bitcoin miners, like Riot Platforms (RIOT) and CleanSpark (CLSK), are investing more capital in the hardware and energy infrastructure required to mine Bitcoin. The increased investment suggests that, though their costs are have increased, these Bitcoin miners see higher Bitcoin prices in the future, and thus, their investments are justified.