- Ripple proponent John Deaton confirmed owning a substantial amount of XRP while highlighting that Bitcoin and XRP investments can coexist.
- Ripple continues to foster innovation, encouraging collaboration between crypto communities rather than competition.
Pro-Ripple Lawyer John Deaton Opens Up About His XRP Holdings
John Deaton, a well-known lawyer and vocal supporter of Ripple, recently made headlines by publicly confirming that he personally owns a “substantial” amount of XRP. This revelation came after he faced questions from the XRP community following a post that appeared to favor Bitcoin over other cryptocurrencies.
Deaton, who also made a Senate run in Massachusetts last year, shared his views on Bitcoin, describing it as a safer bet at its potential high of $106,000 compared to the current price near $20,000. His candid remarks sparked conversations about the relationship between Bitcoin and XRP within the crypto ecosystem.
Bitcoin and XRP: Not an Either-Or Choice
In a fresh perspective, Deaton emphasized that owning XRP does not exclude owning Bitcoin. He stated on social media, “We will operate in a world of more than one coin,” signaling that diverse cryptocurrency portfolios could become the norm rather than the exception.
This balanced outlook is echoed by Ripple’s CEO Brad Garlinghouse, who recently urged XRP holders to avoid viewing the Bitcoin community as adversaries. This collaborative sentiment is growing within the industry, highlighting that the future of crypto may depend on mutual respect among different coin communities.
Market Insights and Crypto Predictions
Deaton’s confidence in Bitcoin is grounded in what he sees as inevitable economic pressures: “All roads” lead to the printing of fiat money and skyrocketing debt, he warned. This environment fuels the bullish case for Bitcoin, especially given the accelerating adoption at institutional and state levels in the United States.
However, Deaton remains open-minded about the future, admitting he might shift his stance within the next two to three years as the market evolves. His views reflect a pragmatic approach to crypto investing—recognizing both the potential and the risks.
Ripple’s Expanding Role in Crypto
While Deaton champions XRP, Ripple as a company continues to push forward with innovative Web3 initiatives, particularly aiming to stimulate growth in markets like Japan. Former Ripple executive Greg Kidd is also making waves with a new strategy involving a massive 1,000 BTC investment, underscoring ongoing confidence in crypto’s long-term potential.
John Deaton’s candid reveal about his XRP holdings, paired with his nuanced views on Bitcoin, reflects a maturing crypto landscape where diversified investments and cooperation across crypto communities are gaining ground. For investors, it’s a reminder to stay informed and open to evolving trends in the fast-changing world of digital assets.
