#btc

XRP Lawyer Says Buying Bitcoin at $106K Is Safer Than $25K

Pro-XRP lawyer John Deaton argues that buying Bitcoin at $106,000 today is a smarter and more asymmetrical bet than when it was $25,000, due to current macroeconomic conditions, institutional interest, and political support.

• He emphasizes not to go into debt to invest but cites inflation, debt, tariffs, and fiat instability as factors driving Bitcoin adoption.

• Points to government actions like the GENIUS Act and Trump’s crypto-friendly proposals as signs of growing support.

• Notes that institutions (e.g., MicroStrategy) and nations (e.g., Pakistan, Ukraine, Ireland) are increasingly adding Bitcoin to reserves.

• Says 82% of his net worth is in Bitcoin (average entry below $25K).

• Despite criticism from skeptics like Peter Schiff, Deaton believes Bitcoin remains a strong hedge and store of value.

Bottom line: Deaton sees Bitcoin as a more compelling long-term investment today, even at higher prices, because of stronger global tailwinds.