Billionaire investor and longtime Bitcoin bull Tim Draper has denied moving his Bitcoin after blockchain analysts linked him to a large BTC transfer to Coinbase Prime.<\/p>\n
\u201cHaven\u2019t touched my BTC,\u201d Draper told Cointelegraph on Friday, adding that he still expects Bitcoin to reach $250,000 within one year.<\/p>\n
The statement came after blockchain analytics platform Lookonchain reported<\/a> Friday that a wallet \u201cpossibly linked\u201d to Draper had transferred 1,000 Bitcoin worth about $62 million to Coinbase Prime, citing<\/a> data from Arkham.<\/p>\n The case highlights both the growing role of blockchain analytics in tracking large crypto transfers and the challenges of independently confirming wallet ownership.<\/p>\n Draper is best known in the crypto community as one of Bitcoin\u2019s earliest high-profile investors, having won<\/a> a US Marshals Service auction for nearly 30,000 Bitcoin seized by US authorities from Silk Road-related holdings in 2014.<\/p>\n According to Forbes, Draper paid<\/a> about $18.7 million, or roughly $632 per Bitcoin, for the holdings, now worth about $1.9 billion.<\/p>\n Arkham labels the wallet involved in the transfer as \u201cTim Draper?\u201d through its AI-powered entity prediction feature<\/a>. The feature assigns lower-confidence attributions intended to provide clues about the possible owner of a wallet address.<\/p>\n Source: Arkham<\/em><\/p>\n The wallet\u2019s transaction history shows several interactions with Coinbase Prime over the past year, including a 1,000 Bitcoin transfer<\/a> from Coinbase Prime on July 9, 2025, when BTC traded<\/a> around $115,880 per coin.<\/p>\n Cointelegraph reached out to Arkham for comment but had not received a response by publication.<\/p>\n Draper\u2019s latest reiteration of his $250,000 Bitcoin target adds to a series of forecasts that have repeatedly missed earlier timelines.<\/p>\n The investor has held the same price target since at least 2018, initially expecting<\/a> Bitcoin to reach the level by late 2022 or early 2023. However, Bitcoin\u2019s highest recorded price to date is $126,080 on Oct. 6, 2025, according to CoinGecko. At publishing time, Bitcoin was trading around $62,530.<\/p>\n Source: <\/em>Cointelegraph<\/em><\/a><\/p>\n Some Bitcoin bulls see further upside ahead, with Blockstream CEO Adam Back expecting Bitcoin could eventually reach between $500,000 and $1 million, arguing that the milestone may be \u201ccloser than people think.\u201d<\/p>\n Related: <\/strong><\/em>Bitcoin profit and loss ratio falls to 43-month low<\/strong><\/em><\/a><\/p>\n BlackRock CEO Larry Fink has also said<\/a> Bitcoin could climb as high as $700,000 if institutional adoption increases significantly, while Bitcoin critic Peter Schiff has repeatedly argued<\/a> that the asset lacks intrinsic value and could ultimately fall to zero.<\/p>\n Polymarket\u2019s \u201cWhat price will Bitcoin hit in 2026?\u201d prediction market shows traders pricing<\/a> the most likely outcome around $65,000 to $70,000, with bets clustering near $68,000.<\/p>\nDraper bought nearly 30,000 BTC in 2014<\/h2>\n
Draper\u2019s $250,000 Bitcoin forecast repeatedly missed timelines<\/h2>\n
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