Bitcoin will cost $1 million, Pavel Durov stated, noting that his investment in cryptocurrency in 2013 helps him to "stay afloat" at present. He also called the messenger Telegram a "loss-making project" personally for him.

"And many, when bitcoin fell the next year to somewhere around 300-200 dollars, expressed their sympathy to me, saying, 'poor guy, you made a terrible mistake investing in this new thing. But don't worry. We still respect you.' And I said: 'I don't care, I'm not going to sell it. I believe in it.'