Tim Draper Denies Selling Bitcoin, Reiterates $250,000 Price Target
Uk Jin
Summary
- Tim Draper said he had not touched his holdings amid allegations of a large Bitcoin sale.
- He also reiterated his bullish view, saying Bitcoin would rise to $250,000 within a year.
- Lookonchain reported that 1,000 Bitcoin was transferred from a wallet believed to be linked to him to Coinbase Prime.
Forecast Trend Report by Period
Billionaire investor Tim Draper, one of Bitcoin's most prominent bulls, denied allegations that he recently sold a large amount of the cryptocurrency.
Draper told Cointelegraph on July 4 that he had not touched his Bitcoin holdings. He added that Bitcoin would climb to $250,000 within a year.
Earlier, on-chain analytics firm Lookonchain, citing Arkham data, said a wallet believed to be linked to Draper transferred 1,000 Bitcoin, worth about $62 million, to Coinbase Prime.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.