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Tim Draper denies selling 1,000 BTC amid market speculation, reaffirms $250K Bitcoin price target.

Technical Signals
04 Jul 2026
Cointribune
View Source
Neutral
pluang ai news

A transfer of 1,000 bitcoins to Coinbase Prime sparked rumors that billionaire Tim Draper was selling his holdings. Draper firmly denied these claims, stating he did not move his BTC and remains a long-term investor. The speculation arose from AI-based blockchain analysis linking the wallet to Draper, but such methods have low confidence and can fuel false rumors. Draper reiterated his bullish forecast that Bitcoin could reach $250,000 within a year, highlighting ongoing divided opinions on Bitcoin's future value among investors and experts.

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