Bitcoin Dad Says Market Is Boring but Optimistic for $200K Target by Year End

As Bitcoin maintains a price above $100,000 for 25 consecutive days, analyst Bitcoin Dad insists it feels “boring,” but he still expects a major move by year-end. Bitcoin traded lower over the past week, dropping from over $110,000 on May 27 to slightly above $104,000 by June 2. However, amid this short-term stagnation, attention has shifted to long-term projections, particularly from social media figure Bitcoin Dad, who continues to promote an ambitious price target for the asset.Tracking Momentum Amid Boring Price ActionWhile Bitcoin’s price has hovered above $100,000 for 25 consecutive days, Bitcoin Dad described the market as “boring.” https://twitter.com/bitcoin_dad/status/1929307914050699560Despite the perceived lack of volatility, he remains confident in a year-end price of over $200,000. From the current level of $104,167, Bitcoin would need to rally approximately 91.99% to reach this target. If achieved, Bitcoin’s market capitalization would expand to around $3.97 trillion, assuming the circulating supply remains constant.Bitcoin Dad, who refers to himself as a Bitcoin millionaire, previously stated that price gains stem from “math, patience, and research.” On May 8, he reminded his followers that Bitcoin still trades below $1,000,000, reinforcing his belief that it remains early in the asset’s adoption cycle. When asked about a $450,000 EOY projection from another market commentator, he indicated he would acknowledge being wrong if that figure materializes.A Shared Target for Bitcoin PriceOther analysts also support this Bitcoin projection. Bitwise CIO Matt Hougan has projected a $200,000 price by the end of 2025. On May 14, he outlined multiple drivers behind this view, including inflows into spot ETFs, growing corporate interest, and recent government initiatives. According to Hougan, ETFs acquired over 500,000 Bitcoin in the previous year, significantly outpacing the 165,000 new coins mined annually.Meanwhile, the U.S. government holds over $17 billion in Bitcoin. A recent executive directive now tasks the Secretaries of the Treasury and Commerce with sourcing more Bitcoin without using taxpayer funds. Reports also confirm that Abu Dhabi purchased $460 million worth of Bitcoin in the form of BlackRock's IBIT, and other governments are reportedly exploring similar allocations.Analysts Maintain Long-Term Bullish TargetsIn addition to Hougan and Bitcoin Dad, multiple market figures have issued parallel forecasts. Bernstein analyst Gautam Chhugani reiterated his firm's $200,000 Bitcoin projection by 2025. Elsewhere, Fred Krueger, a mathematician with a PhD from Stanford, posted on X that Bitcoin could reach a new all-time high within the week. Earlier in April, he assigned a 77% probability to Bitcoin achieving a new all-time high by 2025.