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Promote with Leviathan NewsTelegram CEO Pavel Durov has publicly argued that Bitcoin could eventually reach a price of around $1 million per coin, framing it as a hedge against inflation driven by aggressive government money printing and contrasting its fixed issuance schedule with fiat currencies’ discretionary expansion. He made the comments in a long-form interview on the Lex Fridman Podcast, where he also disclosed that a large Bitcoin position he accumulated in 2013 has been funding his personal lifestyle for years, while his flagship product, the messaging app Telegram, operates at a loss for him personally. Durov said he bought “several thousand” Bitcoin in 2013, investing a “couple of million” dollars at roughly $700 per BTC, and held through the subsequent bear market when the price fell below $200, reinforcing his view of Bitcoin as “the way money should work” because it is resistant to confiscation and political censorship. He described that stake as the main source of funding for his private expenses, such as luxury rentals and private flights, explicitly stating that “Telegram is a money‑losing operation” for him and that “Bitcoin is something that allowed me to stay afloat.” On price, he linked his long‑term $1M view to what he characterized as governments “printing money like no tomorrow,” versus Bitcoin’s predictable supply schedule and eventual hard cap, arguing this scarcity underpins its role as a long‑term store of value. In the same discussion, Durov also revisited Telegram’s blockchain efforts around TON (The Open Network), originally developed by Telegram in 2018–2019 but spun out after U.S. regulatory pressure blocked an official launch. He said TON has since continued independently and is now deeply integrated into the Telegram ecosystem, including growing usage in NFT markets, positioning it as part of the broader Web3 environment that coexists with Bitcoin’s more monetary, store‑of‑value focus. His remarks place him among a number of high‑profile tech founders publicly backing Bitcoin’s long‑term potential, while highlighting the unusual situation of a major messaging platform whose founder claims to rely on early crypto investments rather than company profits to fund his personal life.
AI-generated background, compiled from web sources — not editorial content.
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