Tim Draper Denies Bitcoin Move, Holds $250K BTC Forecast
Blockchain analysts flagged a 1,000 BTC transfer to Coinbase Prime tied to Draper. He says it wasn't him — and still sees $250K Bitcoin.
Tim Draper is not selling. That's the message from the veteran venture capitalist after on-chain sleuths linked a wallet moving 1,000 BTC to Coinbase Prime directly to him. Draper pushed back hard, denying any connection to the transfer and standing firm on his long-held $250,000 Bitcoin price target.
For traders, the episode is a reminder of how fast wallet-attribution rumors can move markets — and how often they're wrong. Blockchain analytics can trace coins, but they can't always confirm who's actually behind a wallet. One misread data point can spark a sell-off on nothing.
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Draper has been one of Bitcoin's loudest institutional bulls for years. His $250K call isn't new, but he keeps repeating it — and public denials like this one suggest he's not quietly cashing out behind the scenes. Watch the conviction, not just the price action.
The 1,000 BTC transfer to Coinbase Prime is still unexplained publicly, which means the on-chain mystery isn't fully closed. Prime accounts are typically used by institutions for custody and large OTC trades, so whoever moved those coins could be preparing a big position — buy or sell.
Bottom line: don't panic-trade on unverified wallet attribution. Draper says he's still in, still bullish, and $250K remains his target. Continue reading at Cointelegraph.
