XRP Lawyer Reveals Why Buying Bitcoin At $106K Is A Safer Bet Than $25K

XRP lawyer John Deaton is urging investors to buy Bitcoin at current prices, pointing to favorable macroeconomic conditions and growing institutional investment. Deaton backs up his bullish stance by disclosing that 80% of his net worth is in Bitcoin, which he acquired at an average price below $25,000.

XRP Lawyer Supports Buying Bitcoin At $106K – Here’s Why

Pro-XRP lawyer John Deaton says buying Bitcoin at current prices has more favorable upsides over downsides than a purchase at $25K. Deaton revealed his position in an X post, responding to Bitcoin Magazine CEO David Bailey’s tweet urging investors to acquire capital and use it to purchase the flagship cryptocurrency.

Deaton argues that he is against individuals living paycheck-to-paycheck taking a mortgage on their home to buy Bitcoin. However, given the current economic climate, the pro-XRP lawyer says buying Bitcoin at $106K is a safer bet than buying at $20K.

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

Deaton is hinging his argument on a raft of macroeconomic challenges, including Trump tariffs, rising debt, and the potential collapse of fiat from excessive money printing. The combination of these global economic issues is making Bitcoin an attractive investment option for a broad spectrum of investors.

Furthermore, the XRP lawyer points to a changing government stance toward cryptocurrencies as another upside to invest at current prices. He cites the incoming GENIUS Act and Trump’s Big Beautiful Bill as reasons for investors to turn to the asset.

“Simply put, buying Bitcoin at $106K is more asymmetrical than it was at $25K,” said Deaton. “But I’ll fully admit I suffer from both confirmation and wealth-preservation bias.”

Institutional And Nation-State Adoption Heightens Investment Allure

John Deaton adds that the influx of corporations adding Bitcoin to their balance sheets is reducing the risk of buying the flagship cryptocurrencies at current prices. Strategy (formerly MicroStrategy) is leading the charge with massive weekly purchases, triggering a domino reaction in the ecosystem.

16 companies have added Bitcoin to their balance sheets in the last week in a frenetic race to stack up the asset. Outside of corporations, nation-states are wading into the space via Strategic Bitcoin Reserves to hold the flagship cryptocurrency.

Rep Tim Burchett has introduced a bill to convert Donald Trump’s executive order for a Strategic Bitcoin Reserve into law. Pakistan, Ukraine, and Ireland are among the countries exploring the possibilities of a national Strategic Bitcoin Reserve.

John Deaton revealed that 80% of his net worth is in Bitcoin, with an average purchase price of $25K. Despite his argument to buy the asset at current prices, critics like Peter Schiff are poking holes in its tag as a safe haven asset.