Cryptocurrency analyst Fred Krueger shared a noteworthy scenario during the days when Bitcoin reached historic highs. Titled “The Great Treasury Bubble,” this scenario fictionally chronicles how Bitcoin rose to $444,000 through institutional treasuries from August 2025 to August 2026, before falling dramatically to $84,000. Krueger's script progresses day by day as follows: August 11, 2025: With Bitcoin at $132,000, Japanese company Metaplanet purchased an additional 5,445 BTC, bringing its total holdings to a symbolic 21,000 BTC. This purchase was financed by a 100 billion yen BTC-backed loan from Goldman Sachs Japan and a new Strategy-like yield product, JSTRK. By the end of the day, BTC had risen to $138,000. August 21, 2025: US-based Strategy announced the acquisition of 20,000 BTC. Funding was provided through convertible bonds and balance sheet leverage. BTC exceeds $150,000. September 15, 2025: Companies like Galaxy Digital, Riot, and GameStop also joined the BTC treasury strategy. ETF inflows skyrocketed. BTC: $178,000. October 7, 2025: BTC surpasses $201,000. Strategy launches new high-yield institutional product, STRK+. January 12, 2026: BTC reaches $296,000. Metaplanet announced it refinanced its debt with 15% interest. JSTRK trading broke records in Osaka. April 6, 2026: Bitcoin peaks at $444,000. Strategy published its report, “Bitcoin is now the core currency of modern businesses.” It also hedged 3,000 BTC with bearish options. In Krueger's scenario, the collapse begins from here: April 16, 2026: Strategy sells 1,100 BTC to acquire waste management company AmeriPure. CFO: Wall Street shaken. May 18, 2026: Metaplanet acquired the logistics company OsakaLogix. 4,000 BTC was hedged. June 23, 2026: Internal Strategy memos leaked, claiming STRK+ investors were not paid. BTC collateral was seized. BTC fell 22% in one day to $330,000. July 10, 2026: Metaplanet announced it sold 6,000 BTC and shifted its focus to cash-generating sectors. BTC: $196,000. August 10, 2026: A year later, Bitcoin plummets to $84,000. The strategy is under regulatory scrutiny. *This is not investment advice. Continue Reading: Prominent Cryptocurrency Analyst Shares Scenario Predicting Bitcoin Price Day by Day: “First to $444,000, then…”
