XRP Lawyer John Deaton: Bitcoin Bullish Outlook and Institutional Demand Dey Strong, Even at $106K
Big man for crypto law, John Deaton, yan talk say Bitcoin (BTC) still strong investment sake even if e dey $106,000 level. He yarn say the risk and reward no balance the same way, plus more big company and countries dey adopt am. Deaton put 80% of him own saving for BTC when e cheap under $25,000, he still dey believe say e go rise because things like how America debt dey increase, them dey print more money, and new trade tariffs make people no trust normal money again. He mention say big company like MicroStrategy (now Strategy) get over 200,000 BTC, and countries like Pakistan and Ireland dey look to keep BTC for their reserve. Recent data from the blockchain show say people dey move BTC out of exchange, supply dey tight, MVRV ratio dey normal level, and 55 million people hold BTC now, all this show say more people dey use am and no be many dey sell now. Some like Peter Schiff no believe say BTC fit keep value, but Deaton talk say BTC good to protect from economy wahala and advise make only people wey fit take risk buy am. These support from law and big institutions and good chain data plus the global economy story make people believe more say BTC na digital safe place and crypto traders dey get hope as supply small and demand dey rise.
Bullish
Di news dey highlight say institutions dem dey gather more, nation-state interest dey grow plus macroeconomic tins like increase U.S. debt and worry about fiat currency, all dis dey support Bitcoin as digital store of value and inflation hedge. On-chain data—like negative exchange netflows, moderate MVRV ratio and record-high number holders—mean say supply dey tighten and adoption dey grow, wey normal dey happen before price go increase. High-profile endorsements from legal and institutional people, plus more corporate and sovereign use cases, dey further boost bullish sentiment. Even though some critics still doubt, overall market context and wider acceptance show say BTC get more upside potential, make this news bullish for traders.