Well-known Wall Street trader predicts bitcoin will rise to $600,000 by autumn of 2025

Fred Krueger, an experienced Wall Street trader and well-known advocate for crypto investments, has made a bold prediction that bitcoin could surge to $600,000 by October 2025. He calculates that in the 20s of July, the leading digital asset will begin to rise sharply due to macroeconomic factors. Krueger highlights that a US Treasury auction scheduled for July 21 will play a key role.

The strategist believes that while the sale of government debt may not generate significant market excitement, the US will need funds to cover its growing debt. Under these conditions, Krueger predicts bitcoin could soar to the range of $158,000–165,000 in a day.

Another trigger for the major crypto-asset's growth will be an expected announcement from BRICS countries about a new independent payment system that will use gold and bitcoin for settlements. The event is also expected to take place in the 20s of July. If this happens, BTC could climb to $180,000, Krueger notes.

Additionally, the expert suggests that the US central bank's response could weaken the dollar. If such a scenario materializes, bitcoin will continue its rapid ascent and eventually reach $600,000, Krueger says.