Billionaire investor and longtime Bitcoin bull Tim Draper has denied transferring his Bitcoin after blockchain analysts linked him to a big BTC switch to Coinbase Prime.
“Haven’t touched my BTC,” Draper informed Cointelegraph on Friday, including that he nonetheless expects Bitcoin to succeed in $250,000 inside one 12 months.
The assertion got here after blockchain analytics platform Lookonchain reported Thursday {that a} pockets “probably linked” to Draper had transferred 1,000 Bitcoin price about $62 million to Coinbase Prime, citing knowledge from Arkham.
The case highlights each the rising function of blockchain analytics in monitoring massive crypto transfers and the challenges of independently confirming pockets possession.
Draper purchased practically 30,000 BTC in 2014
Draper is greatest identified within the crypto group as one among Bitcoin’s earliest high-profile buyers, having received a US Marshals Service public sale for practically 30,000 Bitcoin seized by US authorities from Silk Highway-related holdings in 2014.
In response to Forbes, Draper paid about $18.7 million, or roughly $632 per Bitcoin, for the holdings, now price about $1.9 billion.
Arkham labels the pockets concerned within the switch as “Tim Draper?”, indicating a tentative attribution, however doesn’t publicly clarify the idea for the classification.
Supply: Arkham
The pockets’s transaction historical past exhibits a number of interactions with Coinbase Prime over the previous 12 months, together with a 1,000 Bitcoin switch from Coinbase Prime on 9 July, 2025, when BTC traded round $115,880 per coin.
Cointelegraph reached out to Arkham for touch upon its methodology and whether or not further Draper-linked wallets exist, however had not acquired a response by publication.
Draper’s $250,000 Bitcoin forecast repeatedly missed timelines
Draper’s newest reiteration of his $250,000 Bitcoin goal provides to a sequence of forecasts which have repeatedly missed earlier timelines.
The investor has held the identical value goal since no less than 2018, initially anticipating Bitcoin to succeed in the extent by late 2022 or early 2023. Nonetheless, Bitcoin’s highest recorded value thus far is $126,080 on Oct. 6, 2025, in line with CoinGecko. At publishing time, Bitcoin was buying and selling round $62,530.
Supply: Cointelegraph
Some Bitcoin bulls see additional upside forward, with Blockstream CEO Adam Again anticipating Bitcoin may finally attain between $500,000 and $1 million, arguing that the milestone could also be “nearer than individuals suppose.”
Associated: Bitcoin revenue and loss ratio falls to 43-month low
BlackRock CEO Larry Fink has additionally mentioned Bitcoin may climb as excessive as $700,000 if institutional adoption will increase considerably, whereas Bitcoin critic Peter Schiff has repeatedly argued that the asset lacks intrinsic worth and will finally fall to zero.
Polymarket’s “What value will Bitcoin hit in 2026?” prediction market exhibits merchants pricing the probably final result round $65,000 to $70,000, with bets clustering close to $68,000.
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