Telegram CEO Pavel Durov has confirmed his ownership of the cryptocurrency Toncoin, adopted by the messaging application. Durov announced through his personal Telegram announcement channel that he has purchased a quarter of the newly issued $270 million worth of Telegram bonds, emphasizing his reinvestment in the company.
Following Durov's announcement, the price of Toncoin increased by 3%, rising from $1.34 to $1.38. This development was interpreted as an indication that Durov's public disclosure of his holdings increased demand for Toncoin.
In his statement, Pavel Durov mentioned that some people advise investing instead of buying houses or jets. However, Durov expressed his preference for focusing on his work and stated that he only owns a small amount of Bitcoin and Toncoin. With this statement, Durov showcased his confidence in cryptocurrencies and his belief in their long-term potential. #investment
Previously, Pavel Durov had revealed his ownership of Bitcoin. He stated that he purchased 2,000 Bitcoins approximately 10 years ago for around $1.5 million, which would be equivalent to $60 million at current prices. With these remarks, Durov highlighted how the value of cryptocurrencies can increase over time.
Pavel Durov's investment in Toncoin emphasizes Telegram's interest in cryptocurrencies and its future projects. Toncoin aims to facilitate fast and secure value transfers among Telegram users. Durov's investment could have a positive impact on the adoption and widespread use of Toncoin.
In conclusion, the news of Pavel Durov confirming his investment in Toncoin resulted in a 3% increase in its price, reflecting the growing demand for the cryptocurrency. Durov's trust in cryptocurrencies and his investment in Toncoin strengthen hopes for Telegram's future projects and contribute to the mainstream adoption of cryptocurrencies. #TON #Telegram #PavelDurov #cryptocurrency