XRP Lawyer urges followers to purchase Bitcoin at $106K
The post XRP Lawyer urges followers to purchase Bitcoin at $106K appeared on BitcoinEthereumNews.com. John Deaton, a prominent cryptocurrency lawyer and vocal XRP supporter, is sending a powerful signal to investors: Bitcoin is still a buy — even at $106,000. On social media platform X, Deaton recently sought to explain why he thinks today’s lofty prices carry more opportunity than risks. His approach flies in the face of the notion that one should “buy low.” He makes the case, by contrast, that macro conditions and long-term potential count for more than short-term price tags. Deaton disclosed that 80% of his net worth is in BTC, and his average purchase cost is less than $25,000. Nonetheless, he does not think the current six-figure range is too late. Instead, he says they’re “more asymmetrical,” meaning there’s more upside based on what he deems are more potential gains versus potential losses—despite the more expensive price. He said this in response to Bitcoin Magazine CEO David Bailey’s appeal for people to find some money and purchase BTC today. Deaton also echoed Bailey’s call but cautioned that citizens living paycheck-to-paycheck should not risk their homes or take out loans to spend money to invest in crypto. Regardless, he maintains that Bitcoin is one of the best current stores for value. Deaton’s criticisms are rooted in larger concerns about the global economy. He cited growing national debt levels in the US, the re-imposition of Trump-era tariffs, and endless money printing from central banks as major red signs. In his view, these are gradually undermining confidence in fiat currencies. For Deaton, BTC is the answer. It’s decentralized, with only 21 million coins ever to be produced, and it can’t be manipulated by governments or printed into infinity. “Bitcoin is a hedge against the collapse of fiat,” Deaton said in a podcast interview last month. Institutions and countries are jumping in Another element…
The post XRP Lawyer urges followers to purchase Bitcoin at $106K appeared on BitcoinEthereumNews.com.
John Deaton, a prominent cryptocurrency lawyer and vocal XRP supporter, is sending a powerful signal to investors: Bitcoin is still a buy — even at $106,000. On social media platform X, Deaton recently sought to explain why he thinks today’s lofty prices carry more opportunity than risks. His approach flies in the face of the notion that one should “buy low.” He makes the case, by contrast, that macro conditions and long-term potential count for more than short-term price tags. Deaton disclosed that 80% of his net worth is in BTC, and his average purchase cost is less than $25,000. Nonetheless, he does not think the current six-figure range is too late. Instead, he says they’re “more asymmetrical,” meaning there’s more upside based on what he deems are more potential gains versus potential losses—despite the more expensive price. He said this in response to Bitcoin Magazine CEO David Bailey’s appeal for people to find some money and purchase BTC today. Deaton also echoed Bailey’s call but cautioned that citizens living paycheck-to-paycheck should not risk their homes or take out loans to spend money to invest in crypto. Regardless, he maintains that Bitcoin is one of the best current stores for value. Deaton’s criticisms are rooted in larger concerns about the global economy. He cited growing national debt levels in the US, the re-imposition of Trump-era tariffs, and endless money printing from central banks as major red signs. In his view, these are gradually undermining confidence in fiat currencies. For Deaton, BTC is the answer. It’s decentralized, with only 21 million coins ever to be produced, and it can’t be manipulated by governments or printed into infinity. “Bitcoin is a hedge against the collapse of fiat,” Deaton said in a podcast interview last month. Institutions and countries are jumping in Another element…
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