Bitcoin Price Prediction: New All-Time High Hits as Telegram Billionaire Says $1M BTC Is Coming

Bitcoin traded near $124,900 this week after comments from Telegram founder Pavel Durov drew attention back to its long-term ￰0￱ on the Lex Fridman Podcast, Durov said he believes Bitcoin could eventually reach $1 million per coin, citing its fixed supply and independence from government control as key ￰1￱ remarks come at a time when investors are reassessing Bitcoin’s role as an alternative to inflation-prone fiat ￰2￱ and Early Conviction Drive Bullish Outlook Durov said he became an early Bitcoin investor in 2013, buying several thousand coins at around $700 ￰3￱ after steep market declines — including a drop below $200 — he chose to hold, describing Bitcoin as “digital gold.” He said its appeal lies in its independence: no central authority can seize or censor it, and its supply is permanently limited to 21 million ￰4￱ scarcity remains central to Bitcoin’s value proposition.

Increasingly, institutional investors share this view, treating BTC as a hedge against monetary expansion and weakening fiat currencies. Durov’s experience illustrates that ￰5￱ credits his Bitcoin holdings, rather than Telegram’s profits, for giving him the freedom to operate globally and ￰6￱ position reinforces why many see Bitcoin as more than a speculative ￰7￱ Trends Support the $1 Million Thesis Durov linked his $1 million Bitcoin projection to broader economic forces, particularly the long-term effects of expansive monetary ￰8￱ argued that as governments continue to increase money supply to manage debt and stimulate growth, assets with fixed supply — like Bitcoin — stand to benefit.

“I think this is how money should work,” he said. “Nobody can confiscate your Bitcoin, and nobody can censor you for political reasons.” Here's my 4+ hour conversation with Pavel Durov ( @durov ), founder and CEO of ￰9￱ was one of the most fascinating and powerful conversations I've ever had in my ￰10￱ discuss everything from his philosophy on freedom to government bureaucracies, intelligence… ￰11￱ — Lex Fridman (@lexfridman) September 30, 2025 His view aligns with a growing sentiment among investors who see Bitcoin as a safeguard against currency ￰12￱ inflation pressures persisting and global debt levels rising, Bitcoin’s decentralized and finite structure provides a contrast to traditional systems that rely on central ￰13￱ reaction to Durov’s comments has been steady.

Bitcoin’s ability to hold above $124,000 reflects continued institutional demand, despite short-term volatility ￰14￱ many, his remarks reinforce a longer-term narrative: that Bitcoin’s value is increasingly tied to its role as a counterweight to monetary excess rather than a short-lived speculative ￰15￱ Technical Analysis: Bearish Butterfly Nears Reversal Zone On the technical front , Bitcoin remains firmly in an uptrend, with price action continuing to follow the rising trendline that has defined October’s ￰16￱ structure of higher highs and higher lows points to steady accumulation, while the 50-day and 100-day simple moving averages — at $114,186 and $107,586 — provide clear dynamic support beneath the ￰17￱ Price Chart –) between $128,000 and $130,000.

Meanwhile, the Relative Strength Index (RSI) near 73 signals mildly overbought conditions, hinting at a short-term pause or pullback before any renewed push ￰18￱ long as Bitcoin holds above $124,600, a move toward the $130,000 area remains likely. A clean breakout beyond that range would invalidate the bearish setup and potentially open a path toward $160,000 in the medium term. #Bitcoin consolidates near $125K as the Bearish Butterfly pattern nears its reversal zone at $128K–$130K. RSI hovers near 73, signaling short-term caution but sustained strength. A breakout above $130K could invalidate the pattern and open the path toward $160K.

pic. twitter. com/ID1288MTiZ — Arslan Ali (@forex_arslan) October 7, 2025 At this stage, Bitcoin’s ability to hold above key support levels suggests consolidation rather than ￰19￱ with growing institutional inflows and renewed market optimism following Durov’s remarks, the broader outlook for Q4 2025 remains skewed to the ￰20￱ Maxi Doge ($MAXI) Blends Meme Power With Gym-Bro Energy Maxi Doge ($MAXI) is a meme-fueled token designed for degens who thrive on 1000x leverage and relentless ￰21￱ than just a meme coin, $MAXI represents a community-driven culture that fuses trading intensity with gym-bro energy, caffeine, and competitive ￰22￱ holding $MAXI, investors unlock staking rewards, trading contests, and access to gamified partner ￰23￱ smart contract has been audited by SolidProof and Coinsult, giving added confidence in the project’s ￰24￱ is ￰25￱ presale has already raised over $2.8 million, with tokens priced at just $0.000261.

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