Pro XRP Lawyer John Deaton Makes Big Case for Bitcoin

John Deaton, an American attorney in the digital asset industry and a staunch advocate for XRP, has weighed in on the latest Bitcoin news regarding its prospects.

In his X post, Deaton stressed that financial advisors and investors can no longer ignore Bitcoin’s potential.

He believes the asset presents one of our most strategic investment opportunities.

Deaton’s sentiment towards BTC aligns with that of top investors, such as Ark Invest CEO Cathie Wood.

Bitcoin News Shows Big Players Betting on BTC

According to Deaton, several key developments reinforce Bitcoin’s bullish case.

For example, Institutional adoption of Bitcoin and other digital assets has seen dramatic growth.

Several Bitcoin news updates show that corporate investors are betting on BTC despite unfavorable market conditions.

In addition, major financial players such as BlackRock and Cantor Fitzgerald are making significant moves into Bitcoin, so an important price increase is on the horizon.

Similarly, Cantor Fitzgerald, led by U.S. Commerce Secretary Howard Lutnick, has launched Bitcoin-backed lending for institutions.

Deaton said the firm did this to show its strong support and confidence in BTC’s future.

Additionally, Lutnick has publicly stated that his Bitcoin could eventually be worth billions.

Notably, in the X post, Deaton also points to government involvement.

Although the Biden-led government may have been skeptical of Bitcoin, the U.S. has reportedly established a Strategic Bitcoin Reserve under President Donald Trump.

According to Deaton, Trump has instructed key officials, including Treasury Secretary Scott Bessent and Commerce Secretary Lutnick, to find budget-neutral ways to acquire more Bitcoin.

If these objectives materialize, this might prove Bitcoin’s status as a strategic asset at the highest levels of government.

Stock and Crypto Market Bottoming Out, Next Rally Ahead?

Meanwhile, Deaton’s bullish outlook aligns with broader market trends.

This suggests that traditional stocks and digital assets may be on the verge of a significant rally.

According to Crypto Banter on X, March 12 was the last day of the year when the S&P 500 had a negative year-to-date return.

Per history, the market has often moved higher after this point, a pattern that has played out consistently over the past two decades.

If this holds again, stocks and crypto could be set for a strong rally. In positioning for the next trend, Bitcoin is often seen as a hedge against inflation and economic uncertainty.

The coin shows that the BTC price performs well in liquidity-driven environments.

With central banks adjusting their monetary policies and institutional investors increasingly treating Bitcoin as a store of value, the stage may be set for another bull run.

How High Can Bitcoin Go?

According to market data as of press time, the current price of Bitcoin is $82,548.72, down by 1.31% in 24 hours.

Despite these market fluctuations, BTC enthusiasts and crypto analysts remain positive that a breakout is imminent in the long term.

Many experts and regular traders strongly believe BTC may surpass its all-time highs due to institutional accumulation.

Earlier Bitcoin news also affirms that ETF inflows and growing regulatory certainty may also catalyze the coin’s growth.

As a complement, Larry Fink, the CEO of BlackRock, which manages assets worth over $11 trillion, tipped Bitcoin for inclusion in every investor’s portfolio.

In January, Larry Fink reiterated his confidence in Bitcoin. He projected that the cryptocurrency could reach $700,000 as institutional adoption and market fundamentals strengthen.

His endorsement lends credibility to other bullish projections, with some analysts predicting that Bitcoin could reach $150,000 or even $250,000 in the coming years.

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