Woofun AI reports that Tim Draper has denied rumors regarding the transfer of a large Bitcoin holding, stating he "has not touched any BTC assets." This response follows reports from Lookonchain and Arkham suggesting a wallet labeled "Tim Draper?" moved approximately 1,000 BTC, valued at $62 million, to Coinbase Prime. Draper dismissed these claims as false, noting that the wallet label relies on AI inference with limited confidence and unconfirmed ownership.

Draper reiterated his long-standing prediction that Bitcoin will reach $250,000 within a year. Records indicate he acquired nearly 30,000 BTC in 2014 for $18.7 million, averaging $632 per coin. These holdings are now worth approximately $1.9 billion. Although he has maintained this price target since 2018, the timeline has been repeatedly extended. Bitcoin recently peaked at $126,080 in October 2025.