Telegram founder Pavel Durov remains one of Bitcoin’s earliest and strongest supporters.
Speaking in a recent interview, Durov revealed that his early Bitcoin investments have helped fund his lifestyle for years and explained why he still thinks the world’s largest cryptocurrency could eventually reach $1 million.
“Telegram Is a Money-Losing Operation for Me Personally”
Durov surprised many by saying that Telegram itself has not been a source of personal wealth.
According to him, people often assume that his lifestyle comes from the messaging platform. However, Durov said Telegram has actually been a money-losing operation for him personally.
Instead, he revealed that his Bitcoin investments have allowed him to stay financially afloat over the years.
“I’ve been able to fund my lifestyle from my Bitcoin investment,” Durov said, adding that Bitcoin has played a major role in maintaining his independence.
“I Got to Buy My First Few Thousand Bitcoin in 2013”
Durov said he first entered Bitcoin back in 2013 when the asset was trading near $700.
He admitted that he likely bought near a local market peak and invested several million dollars into the cryptocurrency.
Soon after, Bitcoin fell sharply, dropping to nearly $200-$300. At the time, many people sympathized with him and told him that he had made a costly mistake.
But Durov never viewed the decline as a problem.
“I Don’t Care. I’m Not Going to Sell It”
Despite the market crash, Durov said he never thought about selling his holdings.
He explained that he had faith in Bitcoin from the very beginning and remained convinced even when prices collapsed.
For Durov, Bitcoin was never just another investment.
Instead, he saw it as a new form of money built around freedom and decentralization.
“Nobody Can Confiscate Your Bitcoin From You”
Durov said one of Bitcoin’s biggest strengths is that it gives users full control over their wealth.
According to him, governments or institutions cannot easily confiscate Bitcoin or block people from using it for political reasons.
“Nobody can censor you for political reasons,” he said.
Durov described Bitcoin as “the ultimate means of exchange” and added that these same principles apply to cryptocurrencies more broadly.
“Nobody’s Printing Bitcoin”
Looking ahead, Durov remains extremely bullish on Bitcoin’s future.
He argued that governments around the world continue printing fiat currencies aggressively, while Bitcoin’s supply remains fixed and predictable.
Bitcoin’s inflation schedule eventually stops, whereas traditional currencies can continue expanding indefinitely.
For that reason, Durov said Bitcoin will continue appreciating over time.
“I believe it will come to a point when Bitcoin is worth $1 million,” he said.
While Durov acknowledged that the future of fiat currencies remains uncertain, he made it clear that, in his view, Bitcoin is “here to stay.”
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