Key facts
- Tim Draper denied moving his Bitcoin.
- Blockchain analytics platform Lookonchain reported a wallet possibly linked to Draper transferred 1,000 BTC to Coinbase Prime.
- Draper still expects Bitcoin to reach $250,000 within one year.
- Draper purchased nearly 30,000 BTC in 2014 at approximately $632 per Bitcoin.
Billionaire investor Tim Draper has denied moving his Bitcoin, despite blockchain analytics firm Lookonchain linking him to a wallet that transferred 1,000 BTC to Coinbase Prime. Draper stated, "Haven’t touched my BTC," and reiterated his long-held prediction that Bitcoin will reach $250,000 within a year.
Lookonchain reported on Thursday that a wallet "possibly linked" to Draper had moved the cryptocurrency, valued at approximately $62 million, to Coinbase Prime, citing data from Arkham. The wallet in question has shown multiple interactions with Coinbase Prime over the past year. Arkham's classification of the wallet as "Tim Draper?" is tentative, with the basis for the attribution not publicly explained.
Draper, an early and high-profile Bitcoin investor, acquired nearly 30,000 BTC in 2014 from a U.S. Marshals Service auction for about $18.7 million, or roughly $632 per Bitcoin. This holding is now valued at approximately $1.9 billion.
This incident highlights the increasing reliance on blockchain analytics for tracking large crypto transactions and the difficulties in definitively confirming wallet ownership. Draper's repeated $250,000 Bitcoin forecast has consistently missed its own timelines, with his initial projection for reaching this level dating back to late 2022 or early 2023. Bitcoin's all-time high is $126,080, recorded in October 2025, while it was trading around $62,530 at the time of publication.