XRP Attorney Drops Bombshell: Bitcoin at $106K Is the Ultimate Asymmetric Bet

Move over, safe-haven plays—this legal eagle’s throwing gasoline on the crypto bull case.

In a market where Wall Street still thinks ‘diversification’ means 60/40 stocks and bonds, one XRP-focused lawyer just flipped the script. Their take? Bitcoin at $106,000 isn’t a moon-shot—it’s a calculated risk-reward steal.

Forget the ‘store of value’ narrative. This is about raw asymmetric upside—the kind that makes hedge fund managers quietly rebalance their ‘alternatives’ allocation at 3 AM.

Of course, the usual suspects will clutch their pearls. But when’s the last time traditional finance delivered 10x returns without a subpoena attached?

TLDR

• John Deaton believes buying Bitcoin at $106K presents a better opportunity than buying at $25K.
• He has allocated 80 percent of his net worth to Bitcoin with an average entry price under $25K.
• Deaton points to global economic concerns like debt and trade tensions as key reasons for holding Bitcoin.
• He says growing institutional interest is reducing Bitcoin’s risk and improving long-term stability.
• Several companies have added Bitcoin to their balance sheets in the past week alone.

Pro-XRP lawyer John Deaton has stated that buying Bitcoin at $106K presents a stronger opportunity than at $25K. He disclosed that 80% of his net worth is allocated to Bitcoin, bought below the $25K mark. Deaton’s analysis is based on macroeconomic pressures and increasing institutional involvement that continue to support Bitcoin’s growth.

Macroeconomic Pressure Strengthens Bitcoin Appeal

John Deaton cited growing global economic challenges that strengthen Bitcoin’s use as a capital-preserving asset. He pointed to rising debt levels, trade tariffs, and fiat currency dilution as major triggers for capital flight into Bitcoin. These pressures, he believes, are shifting public and private capital toward digital assets.

I’m not in favor of telling people living paycheck to paycheck (me until 15 years ago) to take out a mortgage on their primary home to buy bitcoin (I’m not suggesting that that’s what David is recommending either), but I am in the process of selling real estate, and although my… https://t.co/JMB1zgeazW

— John E Deaton (@JohnEDeaton1) June 8, 2025

He also emphasized that the risks of fiat instability are increasing, making BTC a logical alternative for long-term capital storage. While he discouraged high-risk personal borrowing, he indicated that Bitcoin at $106K presents a stronger upside-to-downside ratio. According to him, current conditions favor Bitcoin more than during earlier price lows.

Deaton acknowledged potential biases but insisted that broader economic shifts support his position. He argued that current macro trends are tilting the risk-reward balance in Bitcoin’s favor. This, he said, changes the traditional price-entry perception around the asset.

Institutional Participation Adds Long-Term Credibility

The pro-XRP lawyer noted that growing corporate interest is reducing the asset’s volatility and increasing its perceived safety. He referred to Strategy’s regular BTC purchases as a signal of ongoing institutional conviction. This corporate behavior has led to what he described as a cascading accumulation effect.

In the past week alone, 16 companies reportedly added Bitcoin to their reserves, reflecting accelerating corporate involvement. This momentum, he claimed, significantly improves Bitcoin’s structural foundation in global markets. The trend also shows increasing adoption beyond early retail support.

Deaton also pointed to government activity, including interest in Strategic Bitcoin Reserves, which continues to shape the regulatory narrative. This includes legislative efforts from lawmakers like Rep Tim Burchett, who seeks to formalize BTC reserves. More countries, including Ireland and Ukraine, are exploring similar national-level policies.

Bitcoin Adoption Expands Across Public and Private Sectors

John Deaton cited upcoming regulatory developments such as the GENIUS Act and Trump’s cryptocurrency agenda as favorable for Bitcoin. These shifts suggest evolving government attitudes that could improve clarity and support broader adoption. He positioned these moves as tailwinds for Bitcoin’s long-term value.

He maintained that regulatory clarity WOULD likely reduce market risk and attract further capital into Bitcoin. Combined with growing political engagement, this could sustain price support at higher levels. Public policies may soon mirror private strategies already being executed.

Although critics continue to question Bitcoin’s utility, Deaton defended its position in diversified portfolios. He remains publicly committed, holding 80% of his wealth in BTC as evidence of his confidence.