Replace July 5, 6:45 am UTC: This text has been up to date to incorporate further feedback from Tim Draper.
Billionaire investor and longtime Bitcoin bull Tim Draper mentioned blockchain analytics firm Arkham incorrectly linked him to a pockets concerned in a big Bitcoin switch to Coinbase Prime.
“It simply wasn’t me. I haven’t touched it. Arkham has it flawed,” Draper informed Cointelegraph, including that he nonetheless expects Bitcoin to achieve $250,000 inside one 12 months.
The assertion got here after blockchain analytics platform Lookonchain reported Friday {that a} pockets “presumably linked” to Draper had transferred 1,000 Bitcoin value about $62 million to Coinbase Prime, citing knowledge from Arkham.
The case highlights each the rising position of blockchain analytics in monitoring massive crypto transfers and the challenges of independently confirming pockets possession.
Draper purchased practically 30,000 BTC in 2014
Draper is greatest recognized within the crypto group as considered one of Bitcoin’s earliest high-profile traders, having received a US Marshals Service public sale for practically 30,000 Bitcoin seized by US authorities from Silk Highway-related holdings in 2014.
In accordance with Forbes, Draper paid about $18.7 million, or roughly $632 per Bitcoin, for the holdings, now value about $1.9 billion.
Arkham labels the pockets concerned within the switch as “Tim Draper?” by way of its AI-powered entity prediction characteristic. The characteristic assigns lower-confidence attributions supposed to supply clues in regards to the doable proprietor of a pockets tackle.
Supply: Arkham
The pockets’s transaction historical past reveals a number of interactions with Coinbase Prime over the previous 12 months, together with a 1,000 Bitcoin switch from Coinbase Prime on July 9, 2025, when BTC traded round $115,880 per coin.
Cointelegraph reached out to Arkham for remark however had not acquired a response by publication.
Draper’s $250,000 Bitcoin forecast repeatedly missed timelines
Draper’s newest reiteration of his $250,000 Bitcoin goal provides to a collection of forecasts which have repeatedly missed earlier timelines.
The investor has held the identical worth goal since not less than 2018, initially anticipating Bitcoin to achieve the extent by late 2022 or early 2023. Nevertheless, Bitcoin’s highest recorded worth so far is $126,080 on Oct. 6, 2025, in accordance with CoinGecko. At publishing time, Bitcoin was buying and selling round $62,530.
Supply: Cointelegraph
Some Bitcoin bulls see additional upside forward, with Blockstream CEO Adam Again anticipating Bitcoin may ultimately attain between $500,000 and $1 million, arguing that the milestone could also be “nearer than folks assume.”
Associated: Bitcoin revenue and loss ratio falls to 43-month low
BlackRock CEO Larry Fink has additionally mentioned Bitcoin may climb as excessive as $700,000 if institutional adoption will increase considerably, whereas Bitcoin critic Peter Schiff has repeatedly argued that the asset lacks intrinsic worth and will in the end fall to zero.
Polymarket’s “What worth will Bitcoin hit in 2026?” prediction market reveals merchants pricing the almost definitely end result round $65,000 to $70,000, with bets clustering close to $68,000.
Journal: The top of anonymity? AI may unmask crypto’s hidden identities
