Bitcoin · Coinbase · Cointelegraph
Tim Draper rejects moving Bitcoin, reiterates $250,000 BTC prediction
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Tim Draper denies moving Bitcoin after blockchain analysts linked him to a wallet that transferred 1,000 BTC to Coinbase Prime.
Key facts
- The wallet’s transaction history shows several interactions with Coinbase Prime over the past year, including a 1,000 Bitcoin transfer from Coinbase Prime on July 9, 2025, when BTC traded
- According to Forbes, Draper paid about $18.7 million, or roughly $632 per Bitcoin, for the holdings, now worth about $1.9 billion
- Some Bitcoin bulls see further upside ahead, with Blockstream CEO Adam Back expecting Bitcoin could eventually reach between $500,000 and $1 million, arguing that the milestone may be “closer than people think
- Polymarket’s “What price will Bitcoin hit in 2026?” prediction market shows traders pricing the most likely outcome around $65,000 to $70,000, with bets clustering near $68,000
Summary
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 blockchain 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. The case highlights both the growing role of blockchain analytics in tracking large crypto transfers and the challenges of independently confirming wallet ownership.