John Deaton, a well-known crypto attorney and longtime advocate of XRP, stirred the investment community by claiming that buying Bitcoin at over $106,000 today is actually a smarter move than having bought it at $25,000 in the past.

On X, Deaton argued that current macroeconomic conditions and long-term trends make Bitcoin an attractive bet—even at today's high prices. His viewpoint challenges the classic “buy low, sell high” mantra, suggesting that long-term potential and the broader economic context outweigh short-term pricing.

🔹 Deaton holds 80% of his net worth in Bitcoin, with an average entry price below $25K. Yet, he still supports buying now—even at quadruple that price.

Bitcoin Still Offers More Opportunity Than Risk, Deaton Says

Deaton was responding to a call from Bitcoin Magazine CEO David Bailey, who encouraged people to “find some cash and buy BTC today.” While Deaton echoed the call, he added a caution: people living paycheck to paycheck shouldn't risk their homes or take out loans to invest in crypto.

Still, he strongly maintains that Bitcoin remains one of the best stores of value in the world. Even at its current price, he believes it offers an asymmetric risk/reward profile—with significantly more upside than downside.

Global Economic Instability Strengthens the Case for BTC

Deaton’s confidence in Bitcoin stems not just from its technical design, but from his growing concerns about the global financial system. He points to several red flags:

🔹 the rising U.S. national debt,

🔹 the return of Trump-era tariffs,

🔹 and unchecked money printing by central banks.

These factors, he argues, are slowly eroding trust in fiat currencies. In contrast, Bitcoin—a decentralized asset with a fixed supply of 21 million coins—cannot be inflated or manipulated by governments.

“Bitcoin is a hedge against fiat collapse,” Deaton stated in a recent podcast. To him, BTC is more than an investment—it’s a shield against systemic financial risk.

Bitcoin Is Gaining Traction with Corporations and Governments

Deaton’s optimism is reinforced by the wave of institutional and even governmental adoption of Bitcoin. Formerly known as MicroStrategy, Strategy has become the poster child for corporate BTC accumulation—now holding over 200,000 BTC, worth tens of billions of dollars.

In just the past week, 16 more companies added Bitcoin to their treasuries.

Governments are starting to pay attention too:

🔹 Pakistan, Ukraine, and Ireland are evaluating the role of BTC in their reserves.

🔹 In the U.S., Congressman Tim Burchett introduced legislation to create a strategic national Bitcoin reserve by codifying a Trump-era executive order into law.

Critics Push Back, But Deaton Stands Firm: Bitcoin Is the Future

Not everyone shares Deaton’s enthusiasm. Gold advocate and economist Peter Schiff continues to argue that Bitcoin is overhyped and lacks intrinsic value. He claims its volatility disqualifies it as a real safe-haven asset.

Deaton isn’t bothered. He openly admits that his view is shaped by his desire to preserve and grow his wealth. Yet he insists that in a world marked by instability and political tension, Bitcoin remains the safest long-term bet.

His advice to investors? Don’t just stare at charts and price swings. Ask the bigger question:

Where is the world heading?

And according to Deaton, the answer is clear: toward Bitcoin.




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