Telegram founder Pavel Durov revealed that his early investment in Bitcoin has been the primary source of funding for his lifestyle, rather than profits from Telegram. Speaking on Lex Fridman's podcast, Durov shared that he purchased his first Bitcoin in 2013 at around $700 per BTC, investing millions despite the cryptocurrency's subsequent price drop. He emphasized his belief in Bitcoin's potential, stating, "Nobody can confiscate your Bitcoin from you."
Durov also discussed the Telegram Open Network (TON), highlighting its scalability through "shardchains" and its integration into the Telegram ecosystem. Despite regulatory challenges in the US preventing its launch, TON has become a significant player in the NFT space. The network's token, Toncoin, reached an all-time high of $8.25 in 2024 but has since declined by over 67%.
Pavel Durov Credits Bitcoin for Funding His Lifestyle, Not Telegram
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