- John Deaton emphasized Bitcoin’s growing adoption, stating financial advisors should allocate at least 1-5% of portfolios to BTC.
- Institutional interest is rising, with Cantor Fitzgerald launching Bitcoin-backed lending services for institutional investors.
- Former U.S. President Donald Trump has shifted toward Bitcoin adoption, signing an executive order to integrate BTC into national financial policies.
John Deaton, a prominent lawyer known for his involvement in XRP-related legal matters, has publicly endorsed Bitcoin. Deaton extends his endorsement at a time when Bitcoin supporters and XRP supporters are engaged in persistent disagreements. During his presentation, Deaton pointed out that Bitcoin had become a subject of growing institutional interest, so financial advisors needed to pay attention to this potential opportunity.
In his view Bitcoin has become an essential investment because Deaton recommended financial advisors must dedicate a fraction of client resources to Bitcoin. According to Deaton, Bitcoin holds notable potential value since its current market price stands at $84,000.
Institutional Interest in Bitcoin Surges
The remarks from Deaton occurred after Cantor Fitzgerald announced its entry into Bitcoin finance operations. The firm made institutional Bitcoin-backed lending services operational through its partnership with Anchorage Digital and Copper.
The popularity of Bitcoin adoption received increasing support among influential members of the U.S. government according to Deaton. According to Deaton Howard Lutnick who serves as CEO of Cantor Fitzgerald, runs Tether’s reserves, and holds a major portion of his funds in Bitcoin. The estimated value of Lutnick’s Bitcoin portfolio extends into the billions due to accelerating Bitcoin adoption in the market.
Secretary of the U.S. Treasury Scott Bessent embraces Bitcoin as an advocate and leads one of the leading positions in cryptocurrency. Research by Deaton demonstrates that Bitcoin receives increasing institutional support which establishes its position within the financial sector.
When President Donald Trump was previously opposed to Bitcoin he changed his position towards becoming a Bitcoin supporter. Donald Trump issued an executive order which aims to integrate Bitcoin into the strategic resources. The decision to add Bitcoin to national financial policies has intensified future-oriented market projections for this digital asset. The integration of Bitcoin into national financial policies is being studied by Trump through his appointments of Lutnick and Bessent.
Bitcoin’s Growth Potential Gains Recognition
Financial experts support Bitcoin’s price growth forecast based on Deaton’s official approval. Famous investor Robert Kiyosaki through his book Rich Dad, Poor Dad predicted Bitcoin to rise up to $350,000 by 2025. The market expectations show Bitcoin becomes an essential component for investment portfolios.
Deaton’s observation provides more support to the continuous Bitcoin versus XRP debate. The increasing support from institutions combined with American leadership support creates ongoing market growth for Bitcoin in financial operations.
