Draper Says He "Haven't Touched" His BTC, Still Predicts $250K Bitcoin 🪙

Billionaire investor Tim Draper has publicly denied moving any Bitcoin after blockchain analytics platform Lookonchain reported on Thursday that a wallet "possibly linked" to him transferred 1,000 BTC, valued at approximately $62 million, to Coinbase Prime, citing data from Arkham. "Haven't touched my BTC," Draper told Cointelegraph on Friday, while reiterating his long-standing prediction that Bitcoin will reach $250,000 within one year.

The wallet in question is labeled "Tim Draper?" in Arkham's database, a tentative attribution for which the platform has not publicly disclosed its methodology. Cointelegraph reached out to Arkham for comment but had not received a response by publication. 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 around $115,880 per coin.

Draper is best known in the crypto community for winning a U.S. Marshals Service auction in 2014 for nearly 30,000 Bitcoin seized from Silk Road-related holdings. According to Forbes, Draper paid approximately $18.7 million, or roughly $632 per Bitcoin, for the holdings, which are now worth about $1.9 billion. The case highlights both the growing role of blockchain analytics in tracking large crypto transfers and the ongoing challenges of independently confirming wallet ownership.

Draper has maintained the $250,000 price target since at least 2018, initially expecting Bitcoin to reach that level by late 2022 or early 2023. Bitcoin's highest recorded price to date stands at $126,080 on October 6, 2025, according to CoinGecko, while at publishing time Bitcoin was trading around $62,530.

Other industry figures have offered wider forecasts, with Blockstream CEO Adam Back suggesting Bitcoin could eventually reach between $500,000 and $1 million, and BlackRock CEO Larry Fink stating it could climb as high as $700,000 if institutional adoption increases significantly. On the opposite end, Bitcoin critic Peter Schiff has repeatedly argued that the asset lacks intrinsic value and could ultimately fall to zero, while 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.