Tim Draper Denies $62M Bitcoin Transfer to Coinbase Prime, Repeats $250K Target

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According to Draper on Friday, the billionaire investor denied moving his Bitcoin holdings after blockchain analytics firm Lookonchain reported a wallet "possibly linked" to him had transferred 1,000 BTC, worth approximately $62 million, to Coinbase Prime. "Haven't touched my BTC," Draper said, reiterating his forecast that Bitcoin will reach $250,000 within one year. The attribution was based on data from Arkham, which labels the wallet as "Tim Draper?" through its AI-powered entity prediction feature—a designation reflecting lower-confidence analysis rather than confirmed identity. The incident highlights the limits of on-chain wallet attribution: while blockchain transfers are verifiable, ownership often depends on labels and probability-based analysis rather than direct confirmation.
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