Fred Krueger predicts that the failure of the $200 billion Treasury auction will trigger the collapse of the dollar, leading to Bitcoin soaring to $600,000.

As Bitcoin (BTC) continues to approach its all-time high, an analyst has proposed an intriguing scenario in which the cryptocurrency skyrockets to $600,000 within 90 days, while the S&P 500 index plummets by 50%.

Renowned market commentator Fred Krueger elaborated on his predictions in a 10-part post on X published on May 20, depicting an overly bullish scenario for BTC driven by currency instability, institutional Bitcoin adoption, and a complete flight from traditional markets.

Doomsday scenario for traditional markets. Krugman's argument is based on the catastrophic collapse of U.S. financial stability, first with a failure of a $200 billion U.S. Treasury auction at the end of July 2025.

According to his predictions, weak demand for U.S. debt may force the Federal Reserve to take emergency intervention measures, triggering a crisis of confidence in the dollar.

Within weeks, the BRICS countries, led by economic heavyweights China and Russia, will announce the establishment of a global payment system backed by gold, accelerating the decline of the dollar's dominance and pushing Bitcoin up to $180,000.

Investors claim that by August, the situation will escalate sharply, with a major U.S. pension fund potentially stopping redemptions, forcing the Federal Reserve to implement yield curve control, capping U.S. Treasury rates at 6.5%, leading to a significant drop in the dollar.

Meanwhile, countries like Nigeria, Turkey, and Venezuela will seemingly begin to shift their foreign exchange reserves towards Bitcoin, pushing its price up to $265,000, with gold prices potentially rising to $6,700.

The most explosive phase of the $600,000 milestone will arrive in September.

Krugman predicts that by then, several U.S. tech giants, including Apple, Tesla, and Google, will announce massive BTC holdings, with the iPhone manufacturer reportedly accumulating as much as 200,000 BTC since April.

At that time, he speculates that the price of this cryptocurrency will reach $460,000. Additionally, experts speculate that the International Monetary Fund will take historic action, announcing a new global reserve basket, with Bitcoin accounting for half, gold for 30%, and the remaining 20% made up of other assets.

Krugman claims that by early October, the U.S. government will be forced to convene an emergency 'New Bretton Woods' summit to restructure the dollar, partially backed by Bitcoin and gold.

It is in this macro storm that he expects the king of cryptocurrencies to fall to $600,000, gold to drop to $10,400, and the S&P 500 index to fall by half.

Solid fundamentals. Although Krugman's roadmap reads like a financial novel, Bitcoin has already shown some resilience and bullish momentum on which his predictions are based.

As of the writing of this article, the asset is trading at $107,000, having risen slightly by 1% in 24 hours, just 1.3% away from returning to its all-time high. BTC's monthly increase is 23.1%, up 51.6% year over year.

This strong momentum largely stems from stable institutional demand and limited supply.

According to data from Farside Investors, in the past ten days, the U.S. spot Bitcoin ETF recorded positive inflows on eight days, with total inflows exceeding $3.3 billion since early May.

Meanwhile, heavyweight institutions like MicroStrategy and Metaplanet have announced increased holdings of BTC, totaling nearly $850 million.

#BTC #BTC走势分析 #BTC挑战11万大关 $BTC $ETH $AAVE

Same old story, the bull market doesn't know what to do, click on my avatar, follow, bull market spot planning, contract cryptography, free sharing.