Fred Krueger, a cryptocurrency analyst, presented a scenario entitled 'The Great Treasury Bubble,' detailing how Bitcoin could rise to $444,000 before crashing to $84,000.
Beginning of Bitcoin Price Surge
According to Krueger's scenario, Bitcoin's rise began in August 2025. On August 11, Japanese company Metaplanet purchased 5,445 BTC, bringing its total holdings to 21,000 BTC through a loan from Goldman Sachs Japan. By the end of the day, BTC had risen to $138,000.
Peak Price and Subsequent Drop
By April 2026, Bitcoin reached a peak of $444,000. However, a sharp decline followed. On April 16, Strategy sold 1,100 BTC to acquire waste management company AmeriPure. In May, Metaplanet also sold 4,000 BTC after an internal crisis, leading to BTC dropping to $196,000 by July 2026.
Regulatory Pressure and Consequences
By August 2026, the price of Bitcoin plummeted to $84,000, attracting increased regulatory scrutiny. Krueger's scenario highlights the market's vulnerability to both internal and external factors.
Fred Krueger's scenario offers insight into potential Bitcoin price fluctuations driven by institutional investors’ actions and economic conditions.
