John Deaton on XRP and Bitcoin
John Deaton, a well-known advocate for Ripple and cryptocurrency, has disclosed that he possesses a significant quantity of XRP. This announcement followed a discussion with an XRP enthusiast who questioned him about a recent post where he expressed pro-Bitcoin sentiments.
Bitcoin’s Investment Viability
Deaton, who previously campaigned for a Senate seat in Massachusetts, suggested that at a price of $106,000, Bitcoin appears to be a more reliable investment than at its current level of $20,000. He expressed concerns about ongoing fiat currency creation and the escalating national debt, stating that these factors pave the way for Bitcoin’s viability.
He highlighted that recent favorable legislative changes and a growing trend of institutional and state-level adoption seem to bolster Bitcoin’s prospects in the market. However, Deaton acknowledged that his views might evolve in a couple of years.
Investment Strategies and Community Unity
Furthermore, he emphasized that investing in both XRP and Bitcoin should not be seen as conflicting, insisting that the future cryptocurrency landscape will involve multiple coins.
“The future cryptocurrency landscape will involve multiple coins.”
Additionally, Ripple’s CEO Brad Garlinghouse has pointed out the importance of unity between the XRP and Bitcoin communities rather than fostering animosity.
In another development, former Ripple executive Greg Kidd is launching a new strategy that includes a hefty investment of 1,000 BTC, mirroring the tactics of other market players.
