Tim Draper Denies Moving BTC After Coinbase Transfer Claim

Billionaire investor and longtime Bitcoin bull Tim Draper has denied shifting his Bitcoin after blockchain analysts linked him to a big BTC switch to Coinbase Prime.

“Haven’t touched my BTC,” Draper instructed Cointelegraph on Friday, including that he nonetheless expects Bitcoin to achieve $250,000 inside one 12 months.

The assertion got here after blockchain analytics platform Lookonchain reported Friday {that a} pockets “presumably linked” to Draper had transferred 1,000 Bitcoin price about $62 million to Coinbase Prime, citing information from Arkham.

The case highlights each the rising position of blockchain analytics in monitoring giant crypto transfers and the challenges of independently confirming pockets possession.

Draper purchased practically 30,000 BTC in 2014

Draper is greatest recognized within the crypto group as one in every of Bitcoin’s earliest high-profile buyers, having won a US Marshals Service public sale for practically 30,000 Bitcoin seized by US authorities from Silk Highway-related holdings in 2014.

Based on 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?” by way of its AI-powered entity prediction feature. The function assigns lower-confidence attributions meant to supply clues in regards to the potential proprietor of a pockets deal with.

Supply: Arkham

The pockets’s transaction historical past reveals a number of interactions with Coinbase Prime over the previous 12 months, together with a 1,000 Bitcoin transfer from Coinbase Prime on July 9, 2025, when BTC traded round $115,880 per coin.

Cointelegraph reached out to Arkham for remark however had not obtained 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 collection of forecasts which have repeatedly missed earlier timelines.

The investor has held the identical value goal since not less than 2018, initially expecting Bitcoin to achieve the extent by late 2022 or early 2023. Nevertheless, Bitcoin’s highest recorded value thus far is $126,080 on Oct. 6, 2025, based on 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 profit and loss ratio falls to 43-month low

BlackRock CEO Larry Fink has additionally said 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 in the end fall to zero.

Polymarket’s “What value will Bitcoin hit in 2026?” prediction market reveals merchants pricing the almost certainly consequence round $65,000 to $70,000, with bets clustering close to $68,000.

Journal: The end of anonymity? AI could unmask crypto’s hidden identities