Pavel Durov believes that the price of Bitcoin will reach $1 million

Why Durov relies on the first cryptocurrency

Founder Telegram, Pavel Durov, declared his faith in long-term growth Bitcoin, predicting that its price can reach $1 million. According to him, it is the income from cryptocurrency that allows him to maintain his current lifestyle, while the messenger itself remains unprofitable for him personally.

‘I believe that the time will come when Bitcoin will cost $1 million. Governments are printing money as if tomorrow will not come. But nobody prints Bitcoin. It has predictable inflation, which will then stop. Bitcoin is serious and For a long time,” Durov explained.

Early investment and confidence in Bitcoin

Durov became a supporter of cryptocurrencies almost immediately after their appearance. He purchased the first few thousand coins back in 2013, spending about $2 million, although the first purchase fell on the local maximum $700 for BTC. Course fall to $200–300 His confidence did not shake.

“Many people expressed my sympathy, considering me a “poor thing” who made a terrible mistake. But I didn’t care too much,” Durov recalls.

The value of Bitcoin and cryptocurrencies in general

According to Durov, the value of Bitcoin lies in its resistance to political pressure and confiscationwhich makes him a model of future money.

“This is the perfect medium of exchange,” said the entrepreneur.

He added that his views extend not only to Bitcoin, but also to cryptocurrencies in general.

Durov stressed that the growth in the cost of digital gold in recent years allows him to rent expensive apartments, fly business jets and maintain a high standard of living.

Telegram Open Network (TON) and scalability

Durov noted that when creating TON He understood that Bitcoin and Ethereum were ‘not scalable enough’ to serve millions of Telegram users.

The key feature of the network was the mechanism Shardchainsproviding built-in scalability. However, US regulatory restrictions did not allow TON to be officially launched.

“TON has become one of the largest blockchains in terms of daily trading volumes of NFT,” Durov said.

native network token, Toncoin (TON), reached a historical maximum $8.25 in the middle of 2024, but by the time the article was written, it fell on more than 67%, before $2.68.