Tim Draper Denies Selling Bitcoin, Reiterates $250,000 Target Within 18 Months

Venture capitalist Tim Draper reiterated his Bitcoin target of $250,000 within 18 months, tying the forecast to inflationary pressures on the dollar and to what he described as increasing adoption of Bitcoin in the real world.

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In a separate account of his remarks, Draper told Cointelegraph on July 4 that he had not touched his Bitcoin holdings and added that Bitcoin would climb to $250,000 within a year.

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The same reporting tied the renewed attention to a specific on-chain transfer, saying a wallet “possibly linked” to Draper transferred 1,000 Bitcoin worth about $62 million to Coinbase Prime.

Cointelegraph also placed the broader context for the prediction by noting that Bitcoin’s highest recorded price to date is $126,080 on Oct. 6, 2025, while it was trading around $62,530 at publication time.

Draper’s denial came after blockchain analytics firm Lookonchain, citing Arkham data, said a wallet believed to be linked to him transferred 1,000 Bitcoin to Coinbase Prime.

Cointelegraph reported that Draper told it, “Haven’t touched my BTC,” and said he still expects Bitcoin to reach $250,000 within one year.

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The same Cointelegraph account said the transaction history showed several interactions with Coinbase Prime over the past year, including a 1,000 Bitcoin transfer from Coinbase Prime on July 9, 2025, when BTC traded around $115,880 per coin.

Cointribune framed the episode as a market speculation trigger after a transfer attributed by on-chain tools to Draper, and it quoted Draper’s response as “no he tocado mis BTC” to dismiss the allegations.

While Draper’s $250,000 target remains the focal point, other voices in the same coverage set different upper bounds, with Blockstream CEO Adam Back expecting Bitcoin could eventually reach between $500,000 and $1 million.

BlackRock CEO Larry Fink was also quoted saying Bitcoin could climb as high as $700,000 if institutional adoption increases significantly, while Bitcoin critic Peter Schiff argued the asset lacks intrinsic value and could ultimately fall to zero.

Polymarket’s prediction market for “What price will Bitcoin hit in 2026?” showed traders pricing the most likely outcome around $65,000 to $70,000, with bets clustering near $68,000.

The debate over crypto’s future also surfaced in the context of proposals aimed at quantum risk, including a reference to BIP-361 and to the idea that protecting Bitcoin against quantum risk could involve “freezing millions of coins,” which the coverage linked to property-rights concerns.