Bitcoin on Fire: Price Could Skyrocket to $600,000 by October 2025, Experts Say

Jakarta, Pintu News – The price of Bitcoin (BTC) has broken the important resistance level of $105,000 and is now trying to break the $106,000 mark. But will Bitcoin set a new record high price soon?

Analysts believe this is highly likely, especially since the total crypto market capitalization is approaching $4 trillion.

Factors Driving the Bitcoin Price

According to Coinpedia (21/5), macroeconomic events such as the Fed’s interest rate decision in June and Trump’s tariff policy in July could be additional triggers for this price spike.

Read also: Top 3 Crypto Coins Whale Bought Before Trump Dinner

Wall Street expert, Fred Krueger, reiterated his prediction about Bitcoin and stated that a major surge could happen in the next 90 days.

According to Krueger, there will be a lack of buying interest in the $200 billion US government bond auction scheduled around July 21. This could force the Fed to take emergency action, potentially pushing Bitcoin prices to surge to the $158,000 to $165,000 range in just 24 hours.

BRICS May Announce Gold and Bitcoin-Based Payment Systems in July

On July 25, Fred Krueger predicted that BRICS countries would announce a new global payment system based on gold and Bitcoin, to reduce their dependence on the US dollar.

While the Fed Chair may continue to maintain the narrative that the US dollar is strong, according to Krueger, the world will no longer believe it.

He predicts that Bitcoin price will break $180,000 first, then surge to $215,000 after the Fed implements yield curve control around August 4.

August – Mid-September Forecast: Countries Shift Reserves to Bitcoin

By mid-August, a major shift is expected, such as Germany supporting the euro with 10% gold.

Countries like Venezuela and Nigeria may shift their foreign exchange reserves to Bitcoin, and Tether may launch a new stablecoin backed by Bitcoin. This series of events could potentially push the price of Bitcoin to $265,000.

As early as September, the Fed is expected to start considering the launch of a digital dollar as US bond yields surge past the 8.5% mark, which would force them to step in again.

This move is expected to push the price of Bitcoin to $390,000 in just one week.

Then, in mid-September, Krueger predicted that major companies like Apple, Tesla, and Google would start including Bitcoin in their balance sheets.

Read also: Pepe Coin Ready to Explode? Open Interest Hits $527 Million, Close to Record High!

Coupled with the adoption of Bitcoin by several countries in Latin America, the price of Bitcoin could jump to $460,000.

End of September and October: IMF, New Dollar, and Bitcoin Reach $600,000

At the end of September, the International Monetary Fund (IMF) is expected to launch a new global reserve basket, where Bitcoin will account for 50% of the total. This could push the price of Bitcoin to $525,000.

Then in early October, the US government is expected to restructure the dollar by making it based on 25% Bitcoin and 25% gold. The US will also launch a central bank digital currency (CBDC) when the Fed’s balance sheet reaches $44 trillion.

In this scenario, the price of Bitcoin could reach $600,000, and the price of gold could jump to $10,400.

BTC strengthens further as investors abandon gold due to FOMO

Bitcoin is now taking center stage as investors begin to move away from traditional safe assets like gold. With market fears starting to subside and the FOMO (fear of missing out) phenomenon on the rise, many investors now prefer betting on Bitcoin over gold.

Bloomberg analyst Eric Balchunas also expressed a similar view.

Meanwhile, analyst Ali Martinez mentioned that Bitcoin is yet to show a strong upward surge.

He highlighted that in the shorter time frame, Bitcoin is forming an ascending triangle pattern, which is a chart pattern where the price records lows that keep increasing but is held at the same resistance level. Currently, Bitcoin is trading at $106,962.

That’s the latest information about crypto. Follow us on Google News to stay up-to-date on the world of crypto and blockchain technology.

Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, experience web trading with advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro. Pintu Pro Futures is also available, where you can buy bitcoin leverage, trade btc futures, eth futures and sol futures easily from your desktop!

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coinpedia. Is Bitcoin Heading to $600,000 by October 2025? Accessed on May 22, 2025