Jakarta, Pintu News – Ripple lawyer John Deaton argues that buying Bitcoin when it reaches $106,000 is much safer than when it was $25,000.
According to Deaton, the current macroeconomic conditions, increased institutional interest, and political changes make Bitcoin (BTC) a more attractive investment and have unbalanced profit potential.
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John Deaton emphasizes that the current global economic conditions are very supportive of Bitcoin (BTC) value growth. With high economic uncertainty, many investors are looking for assets that can act as hedges.
Bitcoin (BTC), with its limited nature and not being bound by any government policies, offers an attractive alternative. Deaton also added that rising inflation in many countries makes Bitcoin (BTC) increasingly seen as a safe haven asset.
Growing institutional support is also an important factor. Many large financial institutions are starting to integrate Bitcoin (BTC) into their portfolios. This not only increases the legitimacy of Bitcoin (BTC) as an investment asset, but also adds liquidity and price stability.
Deaton believes that this is a strong indicator that Bitcoin (BTC) will continue to grow and become more stable in the future.
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Political changes in some major countries have brought a breath of fresh air to the Bitcoin (BTC) market. Some governments are beginning to soften and even support the use of Bitcoin (BTC) as part of their financial systems.
John Deaton highlights that this is a paradigm shift that could have a long-term impact on Bitcoin (BTC) adoption and price. In addition, clearer and more supportive regulations in some countries have reduced the legal uncertainty that has been a barrier for many institutional investors.
With legal certainty in place, more funds and investments will flow into Bitcoin (BTC), which in turn will increase demand and prices.
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John Deaton expressed his belief that Bitcoin (BTC) is a reliable safe haven asset. With 82% of his net worth invested in Bitcoin (BTC), Deaton shows his commitment to this cryptocurrency.
He believes that although the current price seems high, the growth potential of Bitcoin (BTC) is still huge. Deaton also emphasizes that Bitcoin (BTC) is asymmetrical in nature, meaning that the potential gains far outweigh the risk of losses.
This makes investing in Bitcoin (BTC) at $106,000 an attractive bet, especially when compared to the $25,000 price a few years ago.
Taking all these factors into account, John Deaton provides a new perspective on how and why Bitcoin (BTC) is currently a safer and more promising investment. While the current price may seem high, the supporting factors from various aspects make it a more stable and profitable option.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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