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Tim Draper denies moving Bitcoin, reiterates $250,000 BTC prediction

Sunday, July 5th, 2026

Tim Draper denies moving Bitcoin, reiterates $250,000 BTC prediction

Tim Draper denies moving Bitcoin after blockchain analysts linked him to a wallet that transferred 1,000 BTC to Coinbase Prime.

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.

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