TechFlow news, July 4, according to Cointelegraph, billionaire and early Bitcoin investor Tim Draper denied recent on-chain rumors about him transferring a large amount of Bitcoin, and stated that he "has not moved any BTC assets". Tim Draper also reiterated his long-term view: Bitcoin will reach a target price of $250,000 within one year.
Records show that Draper acquired nearly 30,000 BTC at an auction for about $18.7 million in 2014, with an average price of about $632 at the time; currently valued at about $1.9 billion, he is one of the earliest well-known institutional investors in Bitcoin.




