Tim Draper Responds to On-Chain Transfer Rumors: Denies Moving Bitcoin, Maintains $250,000 Price Target

Odaily Bitcoin pioneer and billionaire Tim Draper has denied recent on-chain rumors about transferring a large amount of Bitcoin, stating that he "has not touched any BTC assets."

Earlier, blockchain analytics platform Lookonchain, citing Arkham data, reported that a wallet "potentially associated with Draper" transferred approximately 1,000 BTC (worth about $62 million) to Coinbase Prime, sparking market attention. Arkham had previously labeled the address as "Tim Draper?" and noted the wallet has a long history of interaction with Coinbase Prime. However, the label is based on AI inference with limited confidence, and the true ownership cannot be confirmed.

Tim Draper dismissed the claims as false, reiterating his long-standing view that Bitcoin will reach the $250,000 price target within a year. According to records, Draper purchased nearly 30,000 BTC at auction in 2014 for approximately $18.7 million, at an average price of around $632. The holdings are now worth about $1.9 billion, making him one of the earliest prominent institutional investors in Bitcoin.

Meanwhile, Draper has repeatedly reaffirmed the $250,000 target since 2018, though the timeline has been consistently pushed back. Bitcoin's recent high was approximately $126,080 (October 2025). Market opinions on the future trajectory remain significantly divided. (Cointelegraph)