JUST IN: Telegram CEO says he thinks Bitcoin will go to $1,000,000 ![\"\ud83d\udc40\"](\"https:\/\/s.w.org\/images\/core\/emoji\/16.0.1\/72x72\/1f440.png\")
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“The governments keeps printing money like no tomorrow. Nobody is printing bitcoin.” ![\"\ud83d\ude80\"](\"https:\/\/s.w.org\/images\/core\/emoji\/16.0.1\/72x72\/1f680.png\")
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Pavel Durov, the founder and CEO of Telegram, used a wide-ranging conversation on the Lex Fridman Podcast to make one of his clearest long-term calls on Bitcoin yet: \u201cI believe it will come to a point when Bitcoin is worth $1 million.\u201d The remarks appear on Fridman\u2019s newly released episode with Durov.<\/p>\n
Pressed by Fridman on why he kept accumulating Bitcoin and whether he sees further upside, Durov traced his conviction to the asset\u2019s earliest days and to its monetary design. \u201cI was a big believer in Bitcoin since more or less the start of it,\u201d he said, recalling that he bought \u201cmy first few thousand of Bitcoin in 2013,\u201d around \u201c$700 per Bitcoin,\u201d and refused to sell even as the price later fell toward $300.<\/p>\n
\u201cAnd my response to them was, I don\u2019t care. I\u2019m not going to sell it. I believe in this thing.\u201d For Durov, the crux is Bitcoin\u2019s censorship resistance and predictable issuance: \u201cNobody can confiscate your Bitcoin from you. Nobody can censor you for political reasons. This is the ultimate means of exchange\u2026 The governments keep printing money like no tomorrow. Nobody\u2019s printing Bitcoin. There is a predictable inflation and then it stops at a certain point. Bitcoin is here to stay.\u201d<\/p>\n
Durov also drew a sharp line between his personal finances and Telegram\u2019s operating economics, saying Bitcoin appreciation has effectively financed his lifestyle, not profits from the company. \u201cTelegram is a money losing operation for me personally. Bitcoin is something that allowed me to stay afloat,\u201d he noted, adding that his long-term horizon on the asset has not changed since his early purchases more than a decade ago.<\/p>\n
The timing of Durov\u2019s $1 million thesis is notable given Telegram\u2019s expanding role at crypto\u2019s consumer edge. The company has progressively integrated the TON ecosystem into its product and business model, committing to Toncoin-based ad payments and revenue sharing for channel owners and opening its advertising platform to a broad set of markets. That TON-denominated ad infrastructure has been credited with catalyzing user and developer activity across Telegram\u2019s mini-app economy.<\/p>\n
On the wallet side, Telegram\u2019s crypto functionality\u2014first rolled out internationally\u2014extended to the United States in July 2025, with the TON community\u2019s wallet mini-app enabling in-app transfers and payments. The US expansion followed what Telegram described as nine-figure global wallet activation metrics in 2024, underscoring the scale of a potential distribution channel for on-chain payments and games.<\/p>\n
As for the $1 million number itself, Durov anchored it in supply discipline and fiat debasement rather than in short-term market catalysts. His reasoning tracks with hard-cap arguments long advanced by Bitcoin\u2019s most committed holders: issuance is programmatic and terminal, while fiscal and monetary expansion remains discretionary.<\/p>\n
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