Billionaire investor Tim Draper has dismissed reports that he moved a substantial amount of Bitcoin following a blockchain analysis linking a transfer to a wallet potentially associated with him. Draper told Cointelegraph he has not touched his Bitcoin holdings and reaffirmed his prediction that Bitcoin will reach $250,000 within the next year.

The controversy arose after Lookonchain, a blockchain analytics platform, reported that a wallet "possibly linked" to Draper transferred 1,000 Bitcoin, valued at around $62 million, to Coinbase Prime. This attribution, based on data from Arkham, highlights the increasing role of blockchain analytics in tracking large crypto transactions but also underscores the difficulty of confirming wallet ownership definitively.

Draper is a well-known Bitcoin investor, having acquired nearly 30,000 BTC in 2014 through a US Marshals Service auction of Silk Road-related seized coins. At the time, he paid about $18.7 million, an average of roughly $632 per Bitcoin. Today, those holdings are worth close to $1.9 billion. Arkham’s data tentatively labels the wallet involved in the recent transfer as “Tim Draper?” but does not clarify the exact basis for this identification.

The wallet under scrutiny has conducted several transactions with Coinbase Prime over the past year, including a notable 1,000 BTC transfer from Coinbase Prime in July 2025, when Bitcoin traded near $115,880. Despite these data points, Draper maintains he has not moved his Bitcoin.

Though Draper’s $250,000 Bitcoin price target remains unchanged, he has missed previous timelines. He set this target years ago, initially anticipating Bitcoin would reach that price by late 2022 or early 2023. The current Bitcoin all-time high, recorded in October 2025, stands at just over $126,000. At the time of the recent report, Bitcoin was trading around $62,530.

Other crypto figures also offer divergent outlooks. Blockstream CEO Adam Back predicts Bitcoin might eventually ascend to between $500,000 and $1 million, while BlackRock CEO Larry Fink has suggested it could reach as high as $700,000 if institutional adoption expands significantly. Conversely, prominent Bitcoin skeptic Peter Schiff argues the asset lacks intrinsic value and could fall to zero.

In the broader market, prediction platforms such as Polymarket estimate Bitcoin’s likely price range in 2026 to be between $65,000 and $70,000, with clustering bets near $68,000. These varying perspectives illustrate the ongoing debate over Bitcoin’s future valuation amid growing institutional interest and evolving market dynamics.