Analyst predicts Bitcoin could reach $600,000 in 90 days while S&P 500 crashes by 50%.
The prediction is based on potential financial instability, institutional Bitcoin adoption, and a flight from traditional markets.
Bitcoin's price escalation is linked to a catastrophic breakdown in U.S. financial stability and the shift of foreign reserves into Bitcoin by countries like Nigeria, Turkey, and Venezuela.
Strong institutional demand and constrained supply are contributing to Bitcoin's bullish momentum, with the asset trading at $107,000 at the time of the prediction.