John Deaton revealed about his XRP stash while mentioning the comparison with Bitcoin.

John Deaton, a prominent lawyer for Ripple and XRP holders, has revealed that he holds a "significant" amount of XRP in response to criticism over his recent comments supporting Bitcoin. Deaton, who is recognized in the SEC lawsuit against Ripple for representing over 75,000 XRP holders, clarified his stance in a social media thread that sparked widespread discussion within the cryptocurrency community. Double Bitcoin at 100,000 dollars or more This disclosure came after a member of the XRP community questioned Deaton's clear bias towards Bitcoin. In response, Deaton asserted that his support for Bitcoin does not diminish his belief in the potential of XRP. "We will operate in a world with more than one coin," he wrote, adding that owning both assets is not mutually exclusive. Deaton's nuanced stance emerged after a tweet in which he outlined his current investment strategy. The lawyer, who stated that his average cost for Bitcoin is below $25,000, claims that he is currently selling real estate to buy more Bitcoin, even with the current price above $100,000. He emphasized that he holds about 80% of his net worth in Bitcoin and believes that, in the context of increasing global instability, BTC is currently a safer investment at $106,000 compared to $20,000.

Legislative motivation and macroeconomic motivation Deaton argues that: "Buying Bitcoin at $106,000 is more asymmetric than at $25,000," while citing the increasing demand from institutions, the potential passage of pro-crypto laws such as the BBB Act and GENIUS, as well as long-standing concerns about the devaluation of fiat currency and national debt. He acknowledges that his viewpoint may change within a few years, but currently, the macroeconomic conditions and regulatory trends have reinforced his bullish outlook. Despite being very enthusiastic about Bitcoin, Deaton still reaffirms his close connection to XRP, reminding critics of his direct involvement in the legal battle with the SEC. XRP and BTC can coexist Although some XRP supporters consider Deaton's comments about Bitcoin to be dishonest, this lawyer clarified that supporting one project does not necessarily mean rejecting another project. His perspective reflects the growing acceptance in the cryptocurrency space that many digital assets can coexist and thrive, each asset serving different functions in the emerging financial landscape. The debate also recalled comments from Ripple CEO Brad Garlinghouse, who had previously urged the XRP community not to view Bitcoin supporters as adversaries. As the cryptocurrency market matures, voices like Deaton's emphasize the importance of a diverse perspective in an industry often divided by tribalism.