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A well-known cryptocurrency attorney and XRP advocate, John Deaton, is urging investors to stay bullish on Bitcoin even as it hovers near $106,000. He’s put about 80% of his net worth into BTC at an average price below $25,000. Rather than fret over today’s high sticker, he says the odds favor more gains ahead than losses.
Deaton’s Big Bet
According to Deaton, buying at six figures isn’t too late. He calls today’s price range “more asymmetrical,” meaning the upside is greater than the downside. He’s put 80% of his wealth into Bitcoin. His average entry cost was less than $25,000. Still, he sees room to run even from around $106,000.
Macro Concerns Drive Interest
Based on reports, Deaton worries about soaring national debt in the US and fresh tariffs from US President Donald Trump’s time in office. He flags endless money printing by central banks as a red flag.
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 says all these moves are chipping away at trust in fiat cash. With only 21 million BTC ever to be mined, Bitcoin can’t be inflated away. That fixed supply, he argues, makes it a solid hedge against a shaky dollar.
Corporate And State Adoption
Institutional demand is also on the rise. MicroStrategy—now called Strategy—holds more than 200,000 BTC, worth tens of billions of dollars. And in the last seven days, 16 companies have added Bitcoin to their balance sheets.
On the government side, Rep. Tim Burchett introduced a bill to turn a Trump executive order into law, creating a US Strategic Bitcoin Reserve. Countries like Pakistan, Ukraine, and Ireland are weighing similar steps. They want to see if holding Bitcoin could protect their foreign exchange plans.
Skeptics Voice Worries
Not everyone agrees with Deaton’s rosy outlook. Economist Peter Schiff, a gold advocate, says Bitcoin has no real value and is too wild to be a safe haven. He tweeted that today’s rally is just hype.
Deaton doesn’t shy away from such criticism. He admits he has “confirmation and wealth-preservation bias.” He still insists Bitcoin is the best store of value during today’s economic storms.
Deaton warns against buying with money you can’t afford to lose. He tells people living paycheck-to-paycheck not to risk their homes or take out loans just to buy crypto.
His basic message is simple: look past daily price swings and ask where the world’s money is headed. If you share his concerns about the dollar and believe institutions will keep piling in, his bet on Bitcoin could pay off. But anyone on the sidelines should be ready for big swings and should only invest what they can handle.
Featured image from Pexels, chart from TradingView
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.
Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).
Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling – right up his alley!
So, he landed a killer gig at NewsBTC, where he’s one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).
Think Christian’s all work and no play? Not a chance! When he’s not at his computer, you’ll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.
Speaking of chill, Christian’s got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.
Here’s the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day – and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.
Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors – and bosses – he deeply respects.
So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.
Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
