Tim Draper denies Bitcoin transfer, reiterates $250,000 price target

On July 3, analysts using on‑chain tools Lookonchain and Arkham flagged a movement of 1,000 BTC – worth about $62 million – to Coinbase Prime and linked the address to venture‑capitalist Tim Draper. Draper responded that he did not move any of his Bitcoin, stating “I have not touched my BTC,” and emphasized that his holdings remain a long‑term investment. He also repeated his long‑term forecast that Bitcoin could reach $250,000, a target he has promoted for years.

The episode underscores the growing reliance on AI‑driven blockchain attribution and the accompanying risk of false positives, reigniting discussion about the privacy limits of publicly auditable crypto transactions. Draper originally acquired roughly 30,000 BTC in a 2014 US Marshals auction of Silk Road‑seized coins, making him one of the most visible holders of the asset.