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Telegram founder and CEO Pavel Durov has revealed that Bitcoin has been the backbone of his personal wealth since 2013. Speaking on Lex Fridman’s podcast, the tech entrepreneur shared that he bought thousands of BTC at around $700 each, investing millions despite skepticism. Even when Bitcoin crashed below $200, Durov said he never considered selling, insisting, “I believe in this thing. This is the way money should work.”
Durov emphasized that Bitcoin, not Telegram, has funded his lifestyle. He dismissed claims that his wealth comes from the messaging platform, calling Telegram a “money-losing operation.” Instead, he credited crypto for allowing him to remain independent, stressing Bitcoin’s unique strength: it cannot be censored or confiscated. Looking ahead, he boldly predicted Bitcoin could reach $1 million as governments continue “printing money like no tomorrow.”
The entrepreneur also discussed Telegram’s blockchain project, TON. Despite regulatory hurdles in the U.S., TON has grown into a thriving network, now ranking among the top blockchains in daily NFT trading volumes.
