Tim Draper | Crypto

Tim Draper denies moving Bitcoin after blockchain analysts linked him to a wallet that transferred 1,000 BTC to Coinbase Prime. Billionaire investor and longtime Bitcoin bull Tim Draper has denied moving his Bitcoin after blockchain analysts linked him to a large BTC transfer to Coinbase Prime. “Haven’t touched my BTC,” Draper told Cointelegraph on Friday, adding that he still expects Bitcoin to reach $250,000 within one year. The statement came after blockchain analytics platform Lookonchain reported Friday that a wallet “possibly linked” to Draper had transferred 1,000 Bitcoin worth about $62 million to Coinbase Prime, citing data from Arkham. Read more

Billionaire venture capitalist Tim Draper first invested in bitcoin at $6 — and he’s still super bullish on the digital asset. We chatted about it last week.

The decline of the US dollar and the loss of purchasing power due to fiat currency inflation will drive global demand for Bitcoin. Macroeconomic drivers, including the decline of the US dollar (USD), will dampen the effects of the Bitcoin (BTC) halving cycle, which is the source of the market booms and busts that have been a feature of BTC since 2009, according to investor and founding partner of venture capital (VC) firm Draper Associates, Tim Draper. “Between 10-20 years from now, the dollar will be extinct,” Draper told Cointelegraph in an interview. “The world is changing, and we are watching it happen. We are right in the center of an anthropological leap forward,” he added. Draper said investors increasingly view Bitcoin as an “escape valve” against poor governance, distrust of banking institutions, fiat currency inflation, and geopolitical tensions, which are all driving global adoption of the supply-capped digital currency. The VC added: Read more