“I Believe Bitcoin Will Come to a Point When It's Worth $1 Million” — Pavel Durov Explains Why He Never Sold Bitcoin

Telegram founder Pavel Durov said his early Bitcoin holdings, bought in 2013 near $700, have funded his lifestyle for years because Telegram has been personally money-losing. He said he never sold during the subsequent drop to around $200-$300 and remains highly committed to Bitcoin’s decentralization, censorship resistance, and fixed supply. Durov argued that governments keep printing fiat currencies while Bitcoin’s issuance is capped, supporting a long-term appreciation thesis. His comments are notable as a high-profile endorsement of Bitcoin’s store-of-value narrative, reinforcing bullish sentiment around BTC even though the piece contains no new on-chain or price action data. Durov also reiterated a long-term target of $1 million per bitcoin, which may bolster speculative interest and investor confidence in Bitcoin’s upside potential.