Bitcoin Price Prediction: New All-Time High Hits as Telegram Billionaire Says $1M BTC Is Coming
Bitcoin traded close to $124,900 this week after feedback from Telegram founder Pavel Durov drew consideration again to its long-term potential. Speaking on the Lex Fridman Podcast, Durov mentioned he believes Bitcoin may ultimately attain $1 million per coin, citing its mounted provide and independence from authorities management as key benefits.
His remarks come at a time when buyers are reassessing Bitcoin’s position as a substitute for inflation-prone fiat currencies.
Scarcity and Early Conviction Drive Bullish Outlook
Durov mentioned he grew to become an early Bitcoin investor in 2013, shopping for a number of thousand cash at round $700 every. Even after steep market declines — together with a drop beneath $200 — he selected to carry, describing Bitcoin as “digital gold.”
He mentioned its attraction lies in its independence: no central authority can seize or censor it, and its provide is completely restricted to 21 million cash.
This shortage stays central to Bitcoin’s worth proposition. Increasingly, institutional buyers share this view, treating BTC as a hedge towards financial growth and weakening fiat currencies. Durov’s expertise illustrates that perspective.
He credit his Bitcoin holdings, quite than Telegram’s earnings, for giving him the liberty to function globally and independently. This place reinforces why many see Bitcoin as greater than a speculative asset.
Macro Trends Support the $1 Million Thesis
Durov linked his $1 million Bitcoin projection to broader financial forces, notably the long-term results of expansive financial coverage. He argued that as governments proceed to extend cash provide to handle debt and stimulate development, property with mounted provide — like Bitcoin — stand to profit.
“I feel that is how cash ought to work,” he mentioned. “Nobody can confiscate your Bitcoin, and no one can censor you for political causes.”
His view aligns with a rising sentiment amongst buyers who see Bitcoin as a safeguard towards forex erosion. With inflation pressures persisting and international debt ranges rising, Bitcoin’s decentralized and finite construction gives a distinction to conventional programs that depend on central banks.
Market response to Durov’s feedback has been regular. Bitcoin’s skill to carry above $124,000 displays continued institutional demand, regardless of short-term volatility persisting.
For many, his remarks reinforce a longer-term narrative: that Bitcoin’s worth is more and more tied to its position as a counterweight to financial extra quite than a short-lived speculative cycle.
Bitcoin Technical Analysis: Bearish Butterfly Nears Reversal Zone
On the technical front, Bitcoin stays firmly in an uptrend, with value motion persevering with to observe the rising trendline that has outlined October’s advance.
The construction of upper highs and better lows factors to regular accumulation, whereas the 50-day and 100-day easy shifting averages — at $114,186 and $107,586 — present clear dynamic assist beneath the market.
The chart reveals a Bearish Butterfly harmonic sample approaching its Potential Reversal Zone (PRZ) between $128,000 and $130,000. Meanwhile, the Relative Strength Index (RSI) close to 73 alerts mildly overbought circumstances, hinting at a short-term pause or pullback earlier than any renewed push increased.
As lengthy as Bitcoin holds above $124,600, a transfer towards the $130,000 space stays doubtless. A clear breakout past that vary would invalidate the bearish setup and probably open a path towards $160,000 within the medium time period.
At this stage, Bitcoin’s skill to carry above key assist ranges suggests consolidation quite than exhaustion. Combined with rising institutional inflows and renewed market optimism following Durov’s remarks, the broader outlook for This autumn 2025 stays skewed to the upside.
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