Ripple lawyer: "Bitcoin is a better buy now than it was at $25,000"

Uk Jin

Summary

John Deaton said that now is an even better time to buy Bitcoin despite its recent price increases.
He revealed that after selling real estate, he purchased Bitcoin at an average price of below $25,000.
Deaton emphasized that the potential passage of the U.S. stablecoin bill, depreciation of fiat currency, and adoption of Bitcoin by various countries were reasons to buy.

John Deaton, a lawyer who rose to fame for supporting Ripple, has urged the purchase of Bitcoin (BTC). On the 8th (local time), Deaton said on his X (formerly Twitter), "Even 15 years ago, I didn't tell people to buy Bitcoin through a mortgage loan," adding, "However, I am actually selling real estate, and my average purchase price for Bitcoin is below $25,000."

Deaton argued that despite Bitcoin's substantial price increase, now is actually a better time to buy Bitcoin. He said, "Even I didn't know if I would buy Bitcoin at prices above $100,000," adding, "Right now is actually a better time to purchase Bitcoin."

He went on to emphasize, "Currently, there is a possibility that the Genius Act (the U.S. stablecoin bill) could pass in the United States." In addition, Deaton cited the following reasons to buy Bitcoin: ▲ the depreciation of fiat currency due to increasing debt, and ▲ the adoption of Bitcoin by various countries.

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