Attorney Deaton has more investment in Bitcoin than XRP
In a tweet today, pro-XRP lawyer John Deaton reiterated that his investment in Bitcoin (BTC) outweighs his XRP stake.
“I have standing to make this comment b/c my #BTC investment significantly outweighs my #XRP investment (my #XRP family overlooks this and forgives me),” said Deaton.
His comment was in reaction to a tweet by Digital Asset Investor, who shared a picture of Deaton on stage at the XRP Las Vegas 2023 event.
Any Questions? https://t.co/6YgSf53ww7 pic.twitter.com/OpUBQJLug6
— Digital Asset Investor (@digitalassetbuy) May 19, 2023
Deaton Praises XRP Community
Despite declaring that his BTC investment outweighs his XRP portfolio, Deaton still praised the XRP community.
“But the #XRPCommunity is the brightest, most knowledgeable, and most passionate of all crypto communities,” he added.
Notably, this is not the first time Deaton has disclosed that he has more investment in Bitcoin than XRP. In an April interview with crypto news outlet Cointelegraph, Deaton revealed that he is “more of a Bitcoin and Ethereum guy.”
Deaton disclosed that he has a small investment in XRP, while BTC and ETH represent a massive chunk of his crypto portfolio.
“The reality is, XRP was a small investment for me; I was 10 times more into Bitcoin and four times more into Ethereum,” said Deaton.
His remarks shocked many, given the efforts Deaton has made to protect the interest of XRP community members in the ongoing SEC vs. Ripple lawsuit.
It bears mentioning that Deaton represents thousands of investors as amicus curiae (a friend of the court) counsel in the lawsuit between the United States Securities and Exchange Commission.
Meanwhile, Deaton’s tweet sparked reactions among XRP enthusiasts who initially believed the famous lawyer only holds XRP, given his commitment in the SEC vs. Ripple lawsuit.
Wait! You own more BTC than XRP! I don’t know you anymore. 😂
— Crypto Investment Group (@CryptoIG_) May 20, 2023
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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.