"Hero or scapegoat? From Binance CZ to Telegram's Pavel Durov"
This series of actions has made many investors uneasy and even triggered panic selling in the market. However, as a contrarian investor, are there undiscovered investment opportunities hidden behind these negative news?
Pavel Durov: A technology pioneer across borders
PD is undoubtedly a legend in the global technology community. Not only did he relocate Telegram to Dubai in 2017, he also obtained French citizenship in 2021. In addition, he also holds citizenship of the United Arab Emirates and the Caribbean country of St. Kitts and Nevis. Multiple nationality backgrounds can be seen as a precaution against political risks around the world.
As one of the world's largest encrypted communication platforms, Telegram has a large user base and strong technical strength. Especially in areas where speech is restricted, it has a large number of loyal users.
The arrest of Binance founder CZ and the arrest of Pavel Durov have certain similarities, both of which indicate that countries around the world are increasing their regulatory efforts on cryptocurrencies and technology giants.
CZ's arrest once triggered a sharp drop in Binance Coin (BNB), but then the market gradually digested the impact of this incident and BNB prices also recovered.
Similarly, Durov's arrest also led to a drop in the price of Toncoin (TON), which is related to Telegram.
Durov's multiple nationalities and global influence mean that he has the resources and means to deal with this series of political and legal challenges. Whether in France or other countries, Durov is likely to use his legal team and social resources to push the case in his favor. This also means that the long-term operation of Telegram and TON will not be fatally hit by Durov's personal problems.
In the long run, Telegram and TON's technical foundation and user base still have strong support.
