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 advised Cointelegraph on Friday, including that he nonetheless expects Bitcoin to succeed in $250,000 inside one yr.
The assertion got here after analytics platform Lookonchain reported Friday {that a} pockets “probably linked” to Draper had transferred 1,000 Bitcoin value about $62 million to Coinbase Prime, citing knowledge from Arkham.
Draper purchased almost 30,000 BTC in 2014
Draper is one in all Bitcoin’s earliest high-profile traders, having received a US Marshals Service public sale for almost 30,000 Bitcoin seized from Silk Street-related holdings in 2014.
In keeping with Forbes, he paid about $18.7 million, or roughly $632 per Bitcoin, for the holdings, now value about $1.9 billion.
Arkham labels the pockets concerned as “Tim Draper?” by way of its AI-powered entity prediction function, which assigns lower-confidence attributions.
The pockets’s historical past exhibits a number of interactions with Coinbase Prime over the previous yr, together with a 1,000 Bitcoin switch on July 9, 2025, when BTC traded round $115,880.
The $250,000 goal retains lacking timelines
Draper’s newest reiteration provides to a sequence of forecasts which have repeatedly missed earlier deadlines.
He has held the identical goal since a minimum of 2018, initially anticipating Bitcoin to hit the extent by late 2022 or early 2023.
Bitcoin’s highest recorded worth to this point is $126,080 on Oct. 6, 2025, and it was buying and selling round $62,530 at publishing time.
Different forecasts vary extensively
Blockstream CEO Adam Again expects Bitcoin might finally attain between $500,000 and $1 million.
BlackRock CEO Larry Fink has mentioned the asset might climb as excessive as $700,000 if institutional adoption grows, whereas critic Peter Schiff argues it might fall to zero.
Polymarket merchants are pricing the probably 2026 end result close to $68,000.