What happened? Telegram founder Pavel Durov said Bitcoin could hit $1 million and BTC was trading near $124,900.
Pavel Durov told the Lex Fridman podcast he’s been a long-time Bitcoin holder and believes its fixed supply and censorship-resistance could drive it to $1M over time. His comments landed as investors were already weighing Bitcoin’s role as a hedge against inflation and weakening fiat currencies. On the charts BTC is in an uptrend but a Bearish Butterfly pattern sits around $128–$130K, so a short-term pause or pullback is possible.
Who does this affect? Retail and institutional investors, active traders, and broader crypto communities.
Retail holders may feel more confident holding for the long term after a high-profile endorsement from Durov. Institutional investors tracking macro risks and scarce assets could increase allocations, which supports higher price floors. Active traders face near-term technical risk around the $128–$130K reversal zone, and speculative projects like Maxi Doge may siphon short-term attention or capital.
Why does this matter? It can steer flows, market sentiment, and price trajectory.
Durov’s remarks reinforce the narrative of Bitcoin as a hedge against monetary expansion, which can attract more institutional inflows and retail conviction. A clean breakout above the $130K area could invalidate the bearish pattern and open the door toward $160K, while a rejection could trigger a corrective pullback. Overall, the signal raises the odds of upside for Q4 2025 but keeps volatility front and center for investors and traders.