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<p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/news/ripple-lawyer-john-deaton-is-holding-10x-xrp-than-btc-and-eth/">Ripple Lawyer John Deaton is Holding 10x XRP Than BTC and ETH</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p>
<p>Renowned pro-XRP lawyer John Deaton has shared insights into his crypto portfolio and why he is ditching BTC and ETH over XRP. On Tuesday, XRP dropped 4.10% to close at $0.6856, hitting a low of $0.6518. This decline is attributed to a lack of progress in the SEC v Ripple case.</p>
<p>Despite the setback, XRP remains above key support levels. The Relative Strength Index suggests it was overbought, potentially indicating a cooling-off period. Since Deaton has previously said that XRP is the next Bitcoin and others will find it difficult to sustain the SEC water similar to XRP, who came out clean, that’s why he is vocal about holding 10X XRP than ETH and BTC; here’s his bullish theory behind the XRP accumulation.&nbsp;</p>
<h2 class="wp-block-heading" id="h-deaton-reveals-his-investment-portfolio"><strong>Deaton Reveals His Investment Portfolio</strong></h2>
<p>John Deaton’s recent <a href="https://x.com/JohnEDeaton1/status/1722351778853728643?s=20" rel="noopener noreferrer nofollow">adjustment </a>in his crypto portfolio reflects a significant shift in his investment strategy. Initially, he held a higher proportion of Bitcoin (BTC) and Ethereum (ETH) than XRP during the early stages of the legal battle with the SEC in 2021. However, his current stance demonstrates a noteworthy transition, with XRP occupying a more prominent position in his portfolio.</p>
<p>This shift is underpinned by Deaton’s unwavering confidence in XRP’s potential for substantial growth. He openly acknowledges that his investment decisions are not solely based on conventional wisdom but are also driven by his conviction, particularly in the legal battle against the SEC. His increased allocation to XRP signifies his growing confidence in the likelihood of a favorable outcome against the regulatory body.&nbsp;</p>
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   <p lang="en" dir="ltr">Just how big has the cross-border payments market been in 2023?<br><br>USD: $190 trillion<br><br>Global payments are expected to skyrocket from USD $190 trillion in 2023 to a staggering USD $290 trillion by 2030. <br><br>– FXC Intelligence, Cross-border payments market sizing data.Oct 31, 2023.</p>— John E Deaton (@JohnEDeaton1) <a href="https://twitter.com/JohnEDeaton1/status/1722352599272190069?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 8, 2023</a>
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<p>So, if you are still unconvinced about XRP’s prowess, then delve into Deaton’s X factors to boost your confidence.&nbsp;</p>
<h2 class="wp-block-heading" id="strong-xrp-s-multi-million-edge-over-btc-and-eth-strong"><strong>XRP’s Multi-Million Edge Over BTC and ETH</strong></h2>
<p>Deaton’s perspective on the<a href="https://x.com/JohnEDeaton1/status/1722352217439502786?s=20" rel="noopener noreferrer nofollow"> three major cryptocurrencies</a> – BTC, ETH, and XRP – also offers valuable insights. He regards Bitcoin as the premier <em>store of value</em>, projecting its market cap to surpass that of gold and reach an impressive $500,000 per coin. On the other hand, he views XRP as a pivotal player in the cross-border payments sector.</p>
<p>Citing substantial figures, he plays the magnitude of this market, with transactions reaching trillions of dollars annually. Deaton firmly believes that XRP is positioned for sustained growth and long-term value appreciation even by claiming a fraction of this multi-trillion dollar market.</p>
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   <p lang="en" dir="ltr">As for <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> and <a href="https://twitter.com/Ripple?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Ripple</a>’s intended use for cross border payments, here’s some stats:<br><br>In 2022, customers paid businesses around $2.8 trillion in cross-border payments, while over $150 trillion in B2B cross-border payments occurred that year.</p>— John E Deaton (@JohnEDeaton1) <a href="https://twitter.com/JohnEDeaton1/status/1722352470188265602?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 8, 2023</a>
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<p>While he refrains from endorsing extremely optimistic price predictions for XRP, he maintains a positive outlook and expresses willingness to celebrate if proven wrong. This pragmatic yet optimistic approach underscores Deaton’s deep understanding of the crypto landscape and his belief in the potential of digital assets like XRP.</p>

Ripple Lawyer John Deaton is Holding 10x XRP Than BTC and ETH

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