The crypto community is buzzing as pro-Ripple attorney John Deaton discloses that he holds a “substantial” amount of XRP. His statement comes after he was challenged on X over his recent pro-Bitcoin comments, prompting the former Massachusetts Senate candidate to clarify where he truly stands.
Deaton stirred conversation by stating that Bitcoin is a safer investment at $106,000 than it was at $20,000, a bold stance backed by his macroeconomic outlook. He points to rising debt levels and relentless fiat money printing as key reasons for Bitcoin’s long-term potential.
He also cited recent U.S. policy shifts, including the pro-Bitcoin BITCOIN Act and growing institutional and state-level adoption, as signals of a strong bullish trend for the top cryptocurrency.
Still, Deaton isn’t married to just one narrative. In a recent post, he emphasized that Bitcoin and XRP are not mutually exclusive, stating, “We will function in a realm with multiple coins.”
His sentiment echoes that of Ripple CEO Brad Garlinghouse, who recently urged XRP holders not to view the Bitcoin community as adversaries.
This balanced stance reflects Deaton’s broader view of a multi-chain future, where competition doesn’t overshadow collaboration.
Adding depth to his story, Deaton shared a personal anecdote – just 15 years ago, he lived paycheck to paycheck. Today, he has 80% of his net worth in Bitcoin and is actively involved in real estate deals to increase his BTC holdings, despite already buying at sub-$25,000 prices.
While many speculate on aggressive Bitcoin strategies, Deaton draws a firm line: he does not support mortgaging homes to buy BTC – a statement he clarified wasn’t directed at industry figure David Bailey.
Deaton’s approach captures the evolving dynamic of today’s crypto market: one where XRP’s regulatory win, which confirmed it as a non-security, now coexists with Bitcoin’s explosive 150% rise this year, driven by economic uncertainty and legislative momentum like the GENIUS Act.
By backing both XRP and Bitcoin, Deaton stands as a bridge between two powerhouse communities, promoting strategic thinking.
John Deaton is a prominent American attorney and a vocal advocate for XRP holders. He gained significant recognition for representing over 75,000 XRP holders as an amicus curiae in the SEC’s lawsuit against Ripple, arguing their interests were not being represented.
Yes, XRP remains a promising 2025 investment due to strong fundamentals, stablecoin use, and potential ETF listings.
Bitcoin (BTC) price experienced a relief rebound on Monday after heavy liquidation of long traders…
The Republic of Kazakhstan through the Ministry of Artificial Intelligence and Digital Development has announced…
The sitting governor of New York Kathy Hochul has announced the departure of Adrienne Harris…
XRP is once again stealing the spotlight as speculation around spot XRP ETFs intensifies. With…
The Pi Network, a blockchain project often described as community-first, is again under the spotlight.…
The United States Securities and Exchange Commission (SEC) has requested that spot crypto ETFs withdraw…
