Analyst Predicts Bitcoin Will Surge to $600K Amidst a 50% Plunge in S&P 500

As Bitcoin (BTC) hovers near its peak value, an analyst has presented a striking projection where the cryptocurrency could soar to $600,000 in just 90 days, while the S&P 500 experiences a dramatic 50% decline.

Market commentator Fred Krueger shared his views in a detailed thread on social media, outlining a highly optimistic scenario for Bitcoin driven by financial instability, increasing institutional adoption, and a mass exit from conventional markets.

A Catastrophic Outlook for Traditional Markets

Krueger’s analysis centers around a significant disruption in U.S. financial stability, triggered by a failed Treasury auction worth $200 billion in late July 2025. He believes that weak interest in U.S. debt might compel the Federal Reserve to take emergency measures, leading to a crisis of trust in the dollar.

He forecasts that, shortly thereafter, BRICS nations, spearheaded by China and Russia, will introduce a global payment system backed by gold, accelerating the decline of the U.S. dollar’s supremacy and potentially pushing Bitcoin’s price to $180,000.

By August, he asserts that the situation will worsen, with a major U.S. pension fund possibly stopping redemptions, prompting the Fed to implement yield caps at 6.5% as the dollar plummets. Meanwhile, countries like Nigeria, Turkey, and Venezuela are expected to start converting their foreign reserves into Bitcoin, driving its price up to $265,000, while gold may approach $6,700.

September is projected to be the most volatile period, with Krueger predicting that leading U.S. technology companies, including Apple, Tesla, and Google, will disclose substantial Bitcoin holdings, with Apple having allegedly accumulated 200,000 BTC since April. He anticipates that Bitcoin’s value will then rise to $460,000.

Furthermore, the expert suggests that the IMF will take a groundbreaking step by introducing a new global reserve basket where Bitcoin constitutes half the reserves, gold accounts for 30%, and the rest includes various assets.

In early October, Krueger claims the U.S. government will have to hold an emergency summit modeled after “Bretton Woods,” aiming to partially back the dollar with Bitcoin and gold. In this turbulent financial environment, he envisions Bitcoin reaching $600,000, gold hitting $10,400, and the S&P 500 suffering a 50% loss in value.

Robust Fundamentals

While Krueger’s vision may seem far-fetched, Bitcoin has demonstrated considerable resilience and upward momentum that underpin his forecasts.

Currently, Bitcoin is trading at $107,000, exhibiting a slight increase of 1% over the last 24 hours, just 1.3% shy of its all-time high. Monthly performance shows a rise of 23.1%, while year-on-year, it has appreciated by 51.6%.

This bullish position is largely attributed to sustained institutional interest and limited supply. U.S. spot Bitcoin ETFs have reported eight out of the last ten days with positive inflows, totaling over $3.3 billion since early May, as noted by Farside Investors. Additionally, significant players like MicroStrategy and Metaplanet have disclosed new Bitcoin acquisitions amounting to nearly $850 million.