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Deep Tide TechFlow News, July 04, reported by Cointelegraph, billionaire and early Bitcoin investor Tim Draper denies recent on-chain rumors about transferring large amounts of Bitcoin, stating that he "has not touched any BTC assets." Tim Draper also reiterated his long-term view: Bitcoin will reach a target price of $250k within a year.
According to data, Draper won nearly 30k BTC in an auction in 2014 for approximately $18.7 million, at an average price of about $632 at the time. The current value is around $1.9 billion, making him one of the earliest well-known institutional investors in Bitcoin.