Pavel Durov, Telegram CEO, Projects Bitcoin to $1 Million
In a statement that shook the cryptocurrency market, Pavel Durov, the visionary founder and CEO of Telegram, expressed his belief that Bitcoin (BTC) will reach the $1 million mark. The prediction was made during a conversation on the popular Lex Fridman podcast, where Durov detailed the fundamentals supporting his optimistic long-term outlook for the world’s leading digital asset.
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Durov is no newcomer to the crypto world. He revealed he was an early investor, having acquired his first Bitcoins in 2013 when the currency was trading at about $700. His confidence, however, goes far beyond simple price appreciation.
The Pillars of the Prediction: Scarcity and Censorship Resistance
For the Telegram CEO, the investment thesis in Bitcoin is based on two main pillars: its predictable issuance and its decentralized nature, which makes it resistant to censorship.
1. The Contrast with Fiat Currencies
Durov directly criticized government monetary policy. “Governments keep printing money as if there’s no tomorrow. Nobody is printing Bitcoin,” he stated. This fundamental difference between the unpredictable inflation of fiat currencies and BTC’s programmed scarcity, with its maximum supply capped at 21 million units, is one of the main factors behind his projection. Durov’s confidence echoes that of major institutional investors who see the asset as a hedge against monetary devaluation.
2. Financial Sovereignty
“Nobody can confiscate your Bitcoin from you. Nobody can censor you for political reasons,” highlighted Durov. This characteristic of financial sovereignty, guaranteed by the decentralization of the network, makes Bitcoin a superior medium of exchange in an increasingly controlled world. The robustness of the Bitcoin protocol is essential to maintain this promise of freedom.
Telegram and Crypto Adoption
Pavel Durov’s conviction is not limited to words. Telegram has actively positioned itself at the forefront of cryptocurrency adoption, primarily through integration with the TON ecosystem (The Open Network). The company already uses Toncoin for advertising payments and revenue sharing with channel owners, demonstrating a practical and large-scale application of blockchain technology.
While many seek the “new Bitcoin” in other assets, Durov’s bet remains firmly on the original cryptocurrency. His forecast of one million dollars is not based on short-term catalysts but rather on a macroeconomic analysis that contrasts Bitcoin’s mathematical discipline with the reckless fiscal and monetary expansion of traditional financial systems. For him, the question is not whether Bitcoin will remain but which fiat currencies will survive.
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