Tim Draper Denies Moving Bitcoin, Sticks With $250,000 Price Target

Billionaire investor Tim Draper has denied moving any of his Bitcoin after blockchain analysts linked him to a wallet that sent 1,000 BTC to Coinbase Prime. “Haven’t touched my BTC,” Draper told reporters, while reaffirming his long-standing prediction that Bitcoin will hit $250,000 within a year.

Analysts Flag A Large Transfer

Blockchain analytics platform Lookonchain reported that a wallet possibly connected to Draper transferred 1,000 Bitcoin, worth about $62 million, to Coinbase Prime, citing data from Arkham. Arkham labels the wallet only as a low-confidence match through its AI-based entity prediction tool, which flags possible wallet owners without full certainty. The wallet has interacted with Coinbase Prime multiple times over the past year, including receiving a 1,000 BTC transfer back in July 2025 when Bitcoin traded near $115,880.

Draper is widely known for winning a 2014 US Marshals Service auction for nearly 30,000 Bitcoin seized from Silk Road-related holdings, paying about $18.7 million, or roughly $632 per coin. That stash is now worth close to $1.9 billion.

A Price Target With A Long History Of Missing

Draper has held his $250,000 Bitcoin forecast since at least 2018, when he first expected it to arrive by late 2022 or early 2023. Bitcoin’s highest price on record remains $126,080, set in October 2025, and it was trading around $62,530 at the time of publication.

Blockstream CEO Adam Back has said Bitcoin could eventually reach $500,000 to $1 million, while BlackRock CEO Larry Fink has pointed to a possible $700,000 with greater institutional adoption. Critic Peter Schiff continues to argue Bitcoin has no intrinsic value and could fall to zero. Meanwhile, traders on Polymarket are pricing the most likely 2026 outcome between $65,000 and $70,000.