Tim Draper denies rumors of large Bitcoin transfers, reiterates BTC could reach $250,000 within a year

CoinFeed July 4 news, according to Cointelegraph, Silicon Valley billionaire venture capitalist and early Bitcoin core investor Tim Draper officially denied the recent on-chain rumors of large Bitcoin transfers, stating that he has not moved any Bitcoin assets under his name. At the same time, Tim Draper reiterated his long-term bullish view, insisting that the Bitcoin price will hit $250,000 within a year. Public records show that as early as 2014, Tim Draper spent about $18.7 million to buy nearly 30,000 Bitcoins, with an average price of just $632. This holding is currently valued at approximately $1.9 billion, making him an iconic early Bitcoin holder in the industry.