Fred Kruger: Bitcoin Will Reach $600,000 in October This Year

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Mathematician and analyst Fred Krueger predicted that the price of Bitcoin (BTC) could surge from around $150,000 on July 21, 2025, to $600,000 within 90 days (around October 19, 2025).

Krueger explained a series of speculative geopolitical and economic events that could drive the Bitcoin price surge.

The Path to $600,000... Krueger's Bitcoin Price Prediction

His prediction of the "final sprint" imagines a chain of events in multiple stages. The analyst very speculatively presents scenarios that could occur if the traditional financial system collapses and alternative assets like Bitcoin and gold take center stage.

It begins with the $200 billion US Treasury auction on July 21, 2025, failing to attract buyers. This triggers a crisis of confidence in the dollar. He predicts that BRICS countries will launch a payment system settled in gold and Bitcoin.

He states that countries like Venezuela, Turkey, and Nigeria will convert their foreign exchange reserves to BTC by August. Krueger also predicts that Treasury yields will surge above 8.5% in September.

Simultaneously, he expects US real estate prices to drop by 35% within three weeks, further exacerbating financial instability. Meanwhile, major tech companies are expected to adopt Bitcoin.

All these imagined scenarios culminate in a "New Bretton Woods" summit in October. In this summit, the US will restructure to back the dollar with 25% Bitcoin and 25% gold.

"BTC will reach $600,000, gold will be $10,400, oil will be $180 per barrel, and DXY will be 68," Krueger said.

He also anticipates a severe stock market decline, predicting the S&P 500 will drop by 50%. Krueger's prediction follows his previous BTC predictions.

Last month, he estimated a 77% probability that Bitcoin would reach its all-time high (ATH) in 2025. Notably, this seems to be already materializing.

In a recent post, analyst Ted Pillows noted that the M2 money supply of major economic countries has reached an all-time high. He mentioned that the US dollar might follow suit. Due to a significant correlation between M2 and BTC, the coin could soon recover its ATH.

M2 Supply of Major Economic Countries
M2 Supply of Major Economic Countries. Source: X/TedPillows

Meanwhile, Bitcoin has already set new all-time highs in high-inflation countries like Argentina and Turkey. This raises hopes that the US could be next.

Market conditions further strengthen this outlook. According to Cryptoquant data, Bitcoin's realized market cap increased by $3 billion in just one day. Analysts view this as a strong indicator of market accumulation, often a precursor to significant price surges.

"This behavior suggests not only that capital is flowing into Bitcoin but is being done with a long-term perspective. In the current situation, this increase reinforces the thesis that the market is positioning for a potential breakout, with accumulation strengthening near key psychological levels," wrote Carmelo Aleman.

Bitcoin's price performance is equally encouraging. Over the past month, the price has risen by 21.5%. At the time of reporting, BTC was trading at $106,339, which is 2.3% below its all-time high.

BTC Price Performance
BTC Price Performance. Source: BeInCrypto

Tracy Jin, COO of MEXC, believes BTC could close this gap and surge to $150,000 by the end of 2025.

"The asset closed near $106,500 after six consecutive weeks of growth. The $105,800 level is a major resistance zone: a confirmed breakout could open the way to $109,000, with an optimistic outlook reaching $130,000 in Q3 and $150,000 by year-end," Jin told BeInCrypto.

She emphasized that Bitcoin's appeal is growing as a hedge against long-term fiat currency risks and sovereign debt, especially amid global economic imbalances. Jin added that with increasing institutional interest, Bitcoin is shaping modern portfolio strategies, extending beyond the cryptocurrency ecosystem. According to her, Bitcoin's role as a strategic macro asset is clear, regardless of short-term price fluctuations.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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