The Last Rally: A Five-Phase Plan for Bitcoin to Explode From $150,000 to $600,000

Bitcoin price will explode from roughly $150,000 to $600,000 between July 21 and Oct. 19, 2025.

Crypto analyst Fred Krueger recently envisioned a dramatic scenario where Bitcoin's price explodes from roughly $150,000 to $600,000 between July 21 and Oct. 19, 2025.

This forecast, dubbed "The Last Rally," was released as a five-stage plan in which each phase brings a major financial shock—ranging from a failed U.S. Treasury auction to a new Bretton Woods–style summit—that together would drive a parabolic Bitcoin rally.

Krueger's scenario begins with a $200 billion U.S. Treasury bill auction failing, leading the Fed to signal “extraordinary measures.” In this environment, Bitcoin briefly jumps (from $158k to $165k) and gold hits $4,200. Simultaneously, BRICS countries are said to be establishing an independent payment network using gold and Bitcoin.

"Maybe they'll use the Stellar network or something like that. They're setting up their own crypto-based payment network, which will be interesting to follow," Krueger stated.

Each of these phases is meant to stoke a flight to alternative assets. For example, in Phase I, Bitcoin and gold initially rise on the chaos, and by Phase III, soaring yields and housing losses further erode confidence in fiat. All dollar figures above are Krueger's estimates for that stage.

"Major tech giants convert their balance sheets to Bitcoin. Apple, Tesla, Google—they're buying Bitcoin. We're talking huge sums. Apple alone accumulates 200,000 BTC by August. Meanwhile, several Latin American governments are pivoting to crypto to manage their finances," the analyst described.

Moreover, the IMF announces a new global reserve basket, focusing on Bitcoin and gold: 50% BTC, 30% gold, 10% yuan, and 10% allocated to other assets. The Bank of England also issues Bitcoin-backed bonds as the 10-year yield rises to 7.8%, while the dollar index drops to the mid-60s. By this point, Bitcoin surpasses $525,000.

Finally, a "New Bretton Woods" summit in Geneva convenes to restructure the U.S. dollar by mid-October. The dollar gains 25% Bitcoin and 25% gold collateral. The Fed launches a digital dollar, expanding its balance sheet to $44 trillion. In this finale, Bitcoin reaches $600,000, gold $10,400, and oil $180 per barrel. The U.S. dollar index (DXY) drops to the high 60s.

In other words, Krueger foresees an unprecedented reshuffling: global reserve currencies realign around BTC and gold. His scenario explicitly puts the dollar index around 68 and projects the S&P 500 roughly halving (a 50% drop from current levels).

Krueger's scenario is highly dependent on a chain of severe crises that have yet to materialize. The "600K prediction" is still viewed as speculative and even "controversial" despite generating buzz online. Nonetheless, it has sparked discussion about what market or policy events could set off the proposed rally.

For context, Bitcoin price has indeed been rallying in mid-2025. After briefly dipping to just above $100,000 in mid-May, BTC quickly rebounded above $103,000.

By May 21, it traded around $107–108K, a 14% gain since the start of May. In this rally, the total crypto market capitalization climbed past $3.36 trillion.

Despite these gains, Bitcoin remains below its January 2025 all-time high ($109,000). Traders note that the uptrend has formed a bullish flag pattern, with key resistance in the $112k—$120k range.

At the time of writing, Bitcoin's price is $108,352, having climbed 3% over the last 24 hours. It has a trading volume of $67 billion.

The market is also digesting macro factors (Fed policy, tariffs, etc.) that could fuel or cap the rally. In short, Bitcoin's current momentum is strong, but many analysts view further moves as contingent on traditional-market dynamics.

"A major U.S. pension fund defaults on obligations as the Fed manages yield curve control, keeping 10-year yields capped at 6.5%. The dollar weakens sharply, and we see the PHLX housing index sliding to 128 points. In this environment, Bitcoin continues its ascent, reaching around $215,0