In this article, I want to share my thoughts on how some bloggers manipulate their followers' opinions by promoting investments in cryptocurrency, particularly in Bitcoin. This time, I want to present the opinion of a well-known programmer who confirms my words.
Link to the article: https://ru.tradingview.com/news/forklog:63b60f46f67b8:0/
Durov Talks About Bitcoin Investments and Predicts Its Rise to $1 Million
Early investments in Bitcoin allowed Pavel Durov to finance personal expenses, while Telegram remains a loss-making project for him. The entrepreneur discussed this in an interview with podcaster Lex Friedman.
Betting on Digital Gold
According to Durov, in 2013, he acquired several thousand Bitcoins at around $700 each, investing a total of about $2 million. The following year, the cryptocurrency's value fell to $200. However, the future Telegram founder held onto his assets, emphasizing his belief in the decentralized nature of digital gold.
"I am not going to sell it. I believe in it and think that this is how money should work. You won’t have Bitcoin confiscated or blocked for political reasons. It’s the perfect means of exchange," Durov stated.
The entrepreneur noted that it was the first cryptocurrency, not Telegram, that became the source of his wealth, allowing him to cover rent and travel on private jets. According to him, the messenger remains a loss-making project.
Durov emphasized that choosing Bitcoin as a store of value is tied to a philosophy of freedom that he holds above all. In the podcast, he explained that the limited issuance of digital gold protects it from devaluation, unlike fiat currencies that governments "print like crazy." He predicted Bitcoin's growth to $1 million.
TON Reboot
Durov reminded listeners about the development of TON from 2018 to 2019. The project was intended as a scalable blockchain for the Telegram ecosystem.
He stated that Bitcoin and Ethereum cannot handle the load from hundreds of millions of users, so TON employed sharding technology. However, due to regulatory restrictions in the US, the team was unable to realize this goal.
Now renamed The Open Network, the network is integrated into the messenger's ecosystem and ranks among the top in daily trading volumes of NFTs. The native token, Toncoin, reached a maximum of $8.25 in mid-2024 but then fell by 67%. Recall that last August, Pavel Durov was charged in France with complicity in crimes committed by Telegram users.
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