Telegram CEO Durov Predicts Bitcoin Will Reach $1 Million
Pavel Durov, CEO of Telegram, predicts Bitcoin [https://holder.io/coins/btc/] will reach $1 million. On the Lex Fridman Podcast, he discussed his long-term belief in Bitcoin’s value and its monetary design.
- Durov has been a Bitcoin advocate since 2013, buying at approximately $700 per coin.
- He cites Bitcoin's censorship resistance and limited supply as key reasons for its potential growth.
- Durov separates his personal finances from Telegram's operations, noting Bitcoin's role in maintaining his financial stability.
- Telegram is integrating the TON ecosystem, including Toncoin-based ad payments and expanding crypto functionalities like the wallet mini-app.
- Durov's $1 million prediction is based on Bitcoin's supply discipline versus fiat debasement.
At the time of reporting, Bitcoin's price stood at $114,372.
