Overview

• Pavel Durov made the remarks on a new episode of Lex Fridman’s podcast released this week.
• He said he bought several thousand Bitcoin in 2013 at about $700 each and held through deep price declines.
• Durov stated that Telegram is a personal money-losing operation for him and that Bitcoin gains have covered major expenses.
• He predicted Bitcoin could eventually reach $1 million per coin, citing government money creation and the asset’s fixed supply as his rationale.
• He recounted that Telegram built TON in 2018–2019 but did not launch it due to U.S. regulatory constraints, and said the now independent network is integrated across Telegram and ranks among the top blockchains by daily NFT trading volume.