Telegram founder Pavel Durov: Telegram is not profitable, I live on Bitcoin

Telegram founder Pavel Durov disclosed in a podcast that his personal finances are heavily reliant on his early Bitcoin investments. Key points from the interview include:

Durov purchased thousands of Bitcoins in 2013 when the price was $700 and refused to sell even when the value dropped to $200 in 2014, citing his strong belief in Bitcoin's censorship-resistant properties.
He revealed that Telegram is not a profitable company, and his current lifestyle, including luxury rentals and private jet travel, is funded entirely by his Bitcoin earnings.
Durov expressed extreme long-term optimism for Bitcoin, predicting that its price will eventually reach $1 million, as he trusts its pre-defined, anti-inflationary code.

Summary

Telegram founder Pavel Durov recently appeared on the Lex Fridman podcast, recalling his first Bitcoin purchase in 2013, when the price was at a cyclical high of $700. He spent millions buying thousands of Bitcoins. The following year (2014), the price plummeted to $200. People around him felt sorry for him, believing he'd made a bad investment. He responded, "I have faith in Bitcoin, and I won't sell."

Pavel Durov pointed out that BTC is censorship-resistant, so no one can take your Bitcoin. Durov also bluntly stated, "Telegram is actually losing money. My current living expenses are entirely covered by Bitcoin." He admitted that renting luxury venues and flying on private jets, while others believe he's relying on project financing, are actually returns from early investment.

Pavel Durov believes that BTC’s inflation has long been written into the code, and he is certain that the price of BTC will reach $1 million one day in the future.

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Author: PA影音

This content is for informational purposes only and does not constitute investment advice.

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