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.
Bitcoin at $106K? Deaton Calls It the Safer Bet
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.
Bitcoin Bonanza: Deaton’s Daring Investment Call
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.
From Paycheck Struggles to Crypto Power Move
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.
What Deaton’s Dual Strategy Signals for Crypto
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.
