Billionaire investor and long-time Bitcoin bull Tim Draper has denied moving his Bitcoin after blockchain analysts linked it to a gigantic BTC transfer to Coinbase Prime.
“I haven’t touched my BTC,” Draper told Cointelegraph on Friday, adding that he still expects Bitcoin to reach $250,000 in one year.
The statement came after blockchain analytics platform Lookonchain reported on Friday that a wallet “possibly associated” with Draper transferred 1,000 Bitcoins worth approximately $62 million to Coinbase Prime, quoting data from Arkham.
The case highlights both the growing role of blockchain analytics in tracking gigantic cryptocurrency transfers and the challenges of independently confirming wallet ownership.
In 2014, Draper purchased almost 30,000 BTC
Draper is best known in the cryptocurrency community as one of the first known Bitcoin investors won US Marshals Service auction of almost 30,000 bitcoins seized by US authorities from holdings linked to the Silk Road in 2014.
According to Forbes Draper Paid Parking approximately $18.7 million, or approximately $632 per Bitcoin, currently worth approximately $1.9 billion.
Arkham tags the wallet involved in the transfer as “Tim Draper?” thanks to the operate of artificial intelligence unit prediction function. This feature assigns lower confidence attributes that are intended to provide clues about the potential owner of the wallet address.
source: Arkham
The wallet’s transaction history shows several interactions with Coinbase Prime over the past year, including 1,000 Bitcoins move from Coinbase Prime on July 9, 2025 when BTC in circulation approximately $115,880 per coin.
Cointelegraph reached out to Arkham for comment but did not receive a response via publication.
Draper’s $250,000 Bitcoin Forecast Has Missed Deadlines Multiple Times
Draper’s latest reiteration of his $250,000 Bitcoin target adds to a series of predictions that have repeatedly missed previous timeframes.
The investor initially maintained the same target price since at least 2018 expecting Bitcoin will reach this level in tardy 2022 or early 2023. However, according to CoinGecko, the highest Bitcoin price ever recorded was $126,080 on October 6, 2025. At the time of publication, Bitcoin was trading at around $62,530.
Source: Cointelegraph
Some Bitcoin bulls see further gains in the future, with Blockstream CEO Adam Back expecting Bitcoin could eventually reach somewhere between $500,000 and $1 million, arguing that the milestone may be “closer than people think.”
Related: Bitcoin’s Profit and Loss Rate Falls to 43-Month Low
BlackRock CEO Larry Fink did as well he said Bitcoin could surge as high as $700,000 if institutional adoption increases significantly, while Bitcoin critic Peter Schiff has repeatedly said that he argued that the asset has no intrinsic value and may eventually fall to zero.
Polymarket “What price will Bitcoin reach in 2026?” prediction market shows traders quotation the most likely outcome is between $65,000 and $70,000, with bets centered around $68,000.
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