Tim Draper denies selling 1,000 BTC, sticks to $250K forecast

U.S. venture capital magnate and Bitcoin maximalist Tim Draper told Cointelegraph that an address that deposited 1,000 BTC to Coinbase Prime did not belong to him, stating that he has not touched his Bitcoin holdings. He added that he maintains his forecast that Bitcoin will reach $250,000 within a year. The statement follows reports from multiple on-chain analysis channels earlier today that Draper had transferred 1,000 BTC to the exchange. The claim was based on data from the on-chain platform Arkham (ARKM), which had tagged the address in question with 'Tim Draper?'. Cointelegraph noted that Arkham estimates wallet ownership using AI-based entity inference and that the question mark indicates low confidence in the attribution. Draper is known for purchasing approximately 29,656 BTC in a 2014 U.S. Marshals Service auction of assets seized from the dark web platform Silk Road. At the time, he acquired the coins for $632 each, a total purchase of about $18.7 million.