Telegram founder joins “Bitcoin to $1 Million” Club

It is not a podcast episode with Lex FriedmanDurov said that Telegram does not make any money, and all his wealth comes from Bitcoin (BTC). Durov said that Telegram doesn’t make money. All of his wealth stems from Bitcoin (BTC). Durov acquired his first a few thousand BTC in 2013 Telegram’s founder also said he would never sell BTC.

Bitcoin: When will it reach the $1,000,000 mark?

Durov isn’t the only individual who believes that the first crypto will surpass the $1 million milestone. Changpeng Zhao, founder of Binance (CZ), also stated that BTC may reach between $500,000 to $1 million in this cycle. Jack Dorsey of Twitter believes Bitcoin will be worth $1 million by 2030.

Cathie Wood, CEO of ARK Invest is now even more optimistic about Bitcoin (BTC). Wood said that BTC might reach $1.5 million at the end of this century.

Arthur Hayes, a prominent crypto analyst, has outlined a timeline that is much more accelerated for Bitcoin to reach seven figures. Hayes stated that BTC might reach the $1,000,000 mark in 2028.

Michael Saylor believes Bitcoin’s (BTC) value will also eventually surpass the $1,000,000 mark.

Please Read This: Bernstein Predicts New Peak For Bitcoin: Bull Run Far From Over

The crypto world is volatile despite the positive outlook on Bitcoin (BTC). BTC’s journey, although it is one of the top-performing assets in the last 15 years and a quarter, has seen sharp price drops. BTC’s path to $1,000,000 will most likely follow the same trajectory. It may not be impossible for BTC to reach the $1,000,000 mark, but the price may crash massively along the journey.

Bitcoin (BTC), currently, is experiencing a consolidation in its price around $90,000. A possible interest rate reduction this week may trigger a new bull run in the asset. It remains to be seen how things will unfold in the years ahead.