Telegram Founder Predicts Bitcoin Could Reach $1 Million in the Long Term

Pavel Durov, the visionary founder of Telegram, has made a bold prediction regarding Bitcoin (BTC), forecasting its potential to climb to a staggering $1 million in the long term. Though Durov refrained from pinpointing a specific timeline, this forecast resonates with similarly bullish projections from other industry leaders, including Michael Saylor, further fueling optimism in the cryptocurrency sector.

Cryptocurrency Market Outlook: Bullish Sentiment Grows

According to recent insights from Crypto Newsland, the cryptocurrency market is anticipated to enter the apex of a bull run by the fourth quarter of 2025. A wave of optimism is sweeping through the industry, driven by anticipation of new all-time highs for Bitcoin and other major altcoins. Market participants are closely monitoring key developments, with widespread expectations that Bitcoin will set unprecedented records during this cycle.

Notably, Bitcoin reached its latest all-time high in August this year, surging to approximately $124,000 and surpassing its previous peak of $123,000 achieved earlier in 2024. The upward momentum extended to Ethereum (ETH), which hit $4,900 just ten days later—its first record peak in the current cycle. Speculation is mounting that Ethereum could soon break the $5,000 threshold, buoyed by a potential "altcoin season" as enthusiasm spreads across the broader cryptocurrency landscape.

Analyst Projections: What’s Next for BTC and ETH?

Several market analysts predict that Bitcoin could experience one final surge within the current bull cycle, potentially soaring into the $140,000–$145,000 price range before experiencing a cooldown in momentum. At that point, market dominance is expected to shift toward altcoins, signaling the waning stages of this bullish cycle.

While Bitcoin retains its status as the market leader, Ethereum's performance this cycle has captured significant attention. Many analysts argue that Ethereum's gains could outpace Bitcoin’s in the months ahead. Unlike Bitcoin, which has already seen substantial price appreciation, Ethereum appears to be in the midst of its price discovery phase, presenting opportunities for dramatic upward movements.

Another compelling narrative emerging from the market is the possibility of breaking free from the conventional four-year cryptocurrency cycle. Some projections suggest that both Bitcoin and Ethereum could surpass previously anticipated levels, achieving even higher price targets in the coming years.

Industry Experts Weigh In on Long-Term Crypto Potential

The industry remains divided on specific price targets, but the overall sentiment is decisively optimistic. Among the more notable predictions, author and investor Robert Kiyosaki envisions Bitcoin reaching $200,000–$250,000, while prominent analyst Tom Lee forecasts Ethereum surging to $60,000–$62,000 by next year.

However, Durov’s long-term projection of Bitcoin reaching $1 million stands out as one of the most ambitious. This aligns with Michael Saylor’s similarly optimistic outlook and reflects a growing belief in the transformative potential of cryptocurrencies as a store of value and a hedge against traditional financial systems.

A Bullish Trajectory with Lingering Uncertainties

As the bullish momentum continues, the cryptocurrency market is rife with speculation and opportunity. Although precise targets are yet to solidify, one thing remains clear: key industry players and analysts alike maintain an overwhelmingly positive outlook for the future of digital assets. With innovations in blockchain technology and increasing adoption of decentralized finance, Bitcoin's and Ethereum’s trajectory could redefine financial paradigms in the years to come.