Pro-XRP lawyer John Deaton believes buying Bitcoin at $106,000 today is a smarter move than when it was $25,000. In a recent post on X, Deaton responded to Bitcoin Magazine CEO David Bailey’s call for investors to accumulate Bitcoin.
Deaton argued that the current macroeconomic environment, institutional interest, and political shifts make Bitcoin a more attractive and “asymmetrical” bet now than ever before.
Deaton explained that he isn’t suggesting people risk their homes or go into debt to buy Bitcoin. But with inflation, growing debt, Trump-era tariffs, and fears of fiat collapse, he believes the world is shifting in Bitcoin’s favor.
Deaton highlighted the upcoming GENIUS Act and Trump’s crypto-friendly “Big Beautiful Bill” as signs of growing government support. According to Deaton, big institutions and even countries are jumping in. Strategy (formerly MicroStrategy) continues to buy large amounts of Bitcoin weekly.
In the last week alone, 16 companies have added Bitcoin to their balance sheets. Meanwhile, countries like Pakistan, Ukraine, and Ireland are exploring national Bitcoin reserves.
According to Deaton, 82% of his net worth is in Bitcoin, and he has an average entry below $25K. Peter Schiff, a Bitcoin critic, questions the ‘safe haven’ label for Bitcoin, but Deaton is confident.
He said buying Bitcoin at $106K is more asymmetrical than when it was at $25K. “I have both confirmation and wealth preservation bias, but I admit.”
It is not surprising that Deaton’s bold stance reflects a growing belief that Bitcoin could be a better long-term bet in today’s uncertain world.
Also Read: Michael Saylor Predicts Bitcoin Soaring 12,328% to $13M by 2045