Telegram and CEO’s Messaging app founder Pavev Durov said he was invested in Bitcoin when the cryptocurrency was in his childhood and since his holdings were used to fund his life.
“I am a big believer in Bitcoin because it is more or less starting. I have to buy my first few thousand Bitcoin in 2013, and I don’t care too much,” Russia’s tech businessman Says At Lex Fridman’s podcast on Tuesday.
He added that he bought the “local highest,” which was around $ 700 per BTC, and “I just threw a few million there.”
Some people scoff at him when the price dropped after Bitcoin (Btc) Hot below $ 200 in the bear market to follow, but he told them, “I don’t care.”
“I’m not going to sell it. I believe in this matter. I think this is the way the money is operating. No one can confess your Bitcoin from you. No one can cherish you for political reasons.”
Bitcoin helps Durov “stay floating”
Durov said he used his investment in Bitcoin to fund his lifestyle. “Some people think if I can get good locations or fly privately, because somehow I take money from Telegram,” he said.
“As I said, Telegram is an operation that loses money for me personally. Bitcoin is something that allows me to stay floating.”
He foretold that “it would come to a point if Bitcoin costs $ 1 million,” because of governments “printing money like not tomorrow.”
“No one has printed Bitcoin,” he said, adding that it has Predictable inflation and stop doing at a certain point. “Here is Bitcoin to stay. All Fiat currencies will remain visible.”
Durov in tons
Durov, na Arrested one year ago in France and charged with Easy crimes committed by Telegram users, also discussed the Telegram Open Network, which it developed in 2018 and 2019 to provide a blockchain for the Messenger service.
Related: French officers forced Telegram to –censensor Moldova Election posts: Durov
He added Bitcoin and Ether (Eth) is “not enough measured to cope with the loading that will create our way -millions of users.”
The main change is natural scalability by “shardchain,” he said. However, despite the successful development of technology, Telegram will not launch it due to regulation restrictions in the US.
The project, called the Open Network, was deeply embedded in the Telegram ecosystem and gained momentum for invisible tokens (NFT).
“The TON has been, in my opinion, the largest or second largest blockchain in terms of the NFT -day -to -day -day volume in the NFT.”
The native token toncoin of the network (Ton) Press a full time high of $ 8.25 in mid -2024 but since the fall of more than 67% from that level.
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