Timothy Draper Denies Bitcoin Transfer Rumors... Reaffirms $250,000 BTC Price Target

Digitaltrends AI Reporter: Timothy Draper denied analyses suggesting 1,000 Bitcoin had been transferred to Coinbase Prime. According to blockchain media Coin Telegraph, Draper stated he has never touched BTC and reiterated his previous forecast that Bitcoin will reach $250,000 within a year. The controversy emerged when blockchain platform Lookonchain reported a wallet linked to Draper (via Acam Data's AI-driven entity detection) sent 1,000 Bitcoin worth ~$62 million to Coinbase Prime. While Acam's identification carries low confidence, the wallet has a history of transactions with Coinbase Prime, including a $115,880-per-BTC transfer in July 2025. Draper, an early investor who acquired ~30,000 Bitcoin in 2014 for ~$632 per coin, has maintained the $250,000 price target since 2018, adjusting timelines as Bitcoin's all-time high reached $126,080 in October 2025.