Pro-Ripple Lawyer Places High-Stakes Bet on XRP – Here’s the Reasoning Behind It

Ripple Advocate John Deaton Increases XRP Holdings Despite Legal Battle with SEC

Deaton’s Increased XRP Holdings

Pro XRP Lawyer, John E. Deaton has publicly declared that he has drastically increased his XRP holdings in his crypto portfolio, surpassing the amount of Ethereum tokens he holds. Deaton has decided to prioritize Bitcoin (BTC), Ripple (XRP), and Ethereum (ETH), with Bitcoin being his largest investment among the three.

“To people’s surprise, back then, I owned 10X more in BTC than XRP and 3-4X more in ETH than XRP. Today, I still own more in BTC than XRP but now I own significantly more in XRP than I do ETH,” Deaton stated.

Deaton, a vocal advocate for XRP in its legal battle with the United States Securities and Exchange Commission (SEC), shared that he purchased more XRP tokens during a time when the cryptocurrency was facing reputational challenges due to the SEC’s lawsuit. He believes in the industry’s future and has put his money where his mouth is.

“I did exactly what you’re not supposed to do when investing: I bet my heart. The more I fought the SEC, the more I bought #XRP. I became convinced we would win in court, plus it felt like I was betting on myself, along with my 75K friends, and since we were going against the bad guys, we would win,” Deaton stated.

Pro XRP Lawyer Bullish On XRP Role In Cross-Border Payments

In a recent post, Deaton expressed his confidence in XRP’s role in cross-border payments, emphasizing its influence on the global payment system.

“Clearly cross border payments is a massive market with the forex market being the largest financial market in the world. In sum, I think XRP will be around for the long-term and will appreciate in value considerably, by capturing a piece of the overall market share,” Deaton stated.

He believes that XRP will continue to be a leading payments solution in the industry with sustained growth in the crypto market.

It is important to mention that John Deaton refrained from making any appreciation of his investment in the H2 heading or the text he has written.

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J-S Tremblay
About the author - J-S Tremblay

I've been involved in the cryptocurrency world since 2016 and trading since 2019. I started Moon and Lambo in 2021. I'm passionate about crypto and love to share my knowledge. I hate bankers and I hope that cryptocurrency will change the financial world for the better. View full profile...

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