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.
“Haven’t touched my BTC,” Draper told Cointelegraph on Friday, adding that he still expects Bitcoin to reach $250,000 within one year.
The statement came after analytics platform Lookonchain reported Friday that a wallet “possibly linked” to Draper had transferred 1,000 Bitcoin worth about $62 million to Coinbase Prime, citing data from Arkham.
Draper bought nearly 30,000 BTC in 2014
Draper is one of Bitcoin’s earliest high-profile investors, having won a US Marshals Service auction for nearly 30,000 Bitcoin seized from Silk Road-related holdings in 2014.
According to Forbes, he paid about $18.7 million, or roughly $632 per Bitcoin, for the holdings, now worth about $1.9 billion.
Arkham labels the wallet involved as “Tim Draper?” through its AI-powered entity prediction feature, which assigns lower-confidence attributions.
The wallet’s history shows several interactions with Coinbase Prime over the past year, including a 1,000 Bitcoin transfer on July 9, 2025, when BTC traded around $115,880.
The $250,000 target keeps missing timelines
Draper’s latest reiteration adds to a series of forecasts that have repeatedly missed earlier deadlines.
He has held the same target since at least 2018, initially expecting Bitcoin to hit the level by late 2022 or early 2023.
Bitcoin’s highest recorded price to date is $126,080 on Oct. 6, 2025, and it was trading around $62,530 at publishing time.
Other forecasts range widely
Blockstream CEO Adam Back expects Bitcoin could eventually reach between $500,000 and $1 million.
BlackRock CEO Larry Fink has said the asset could climb as high as $700,000 if institutional adoption grows, while critic Peter Schiff argues it could fall to zero.
Polymarket traders are pricing the most likely 2026 outcome near $68,000.
