Pro XRP lawyer John Deaton wants financial advisors to push their clients toward cryptocurrency accumulations. Deaton cites a fast-changing regulatory landscape and rising institutional investment as potential reasons for prices to spike after the crypto market crash.
Financial Advisors Should Tell Clients To Invest In Digital Assets, Says Pro XRP Lawyer
After a largely positive week for cryptocurrencies, John Deaton says financial advisors have to tell clients to rethink their investment strategies. The pro XRP lawyer noted on X (formerly Twitter) that investors should earmark a portion of their funds for cryptocurrencies.
“If you’re a Financial Advisor, how are you not negligent, or even reckless, to not advise your clients to have, at least, a small percentage of your investments in Bitcoin and/or other digital asset,” said Deaton.
The pro XRP lawyer argues that times are changing for the cryptocurrency industry with President Donald Trump calling the shots. He notes that two years ago, the ecosystem only sought clear regulations and expected a level playing ground from authorities.
Deaton says the ecosystem is rippling with enthusiasm following the announcement of a Strategic Bitcoin Reserve and a Crypto Czar.
“We didn’t expect a President to appoint a Crypto Czar, form a Crypto Council or Digital Assets Working Group, or establish an SBR or SCR,” added Deaton.
Objective Reasons For A Potential Crypto Rally
The pro XRP lawyer reeled out three key reasons for an investment in cryptocurrencies. For starters, the decision of the US government to pursue a budget-neutral Bitcoin acquisition strategy is considered a catalyst for a price upswing amid the crypto market crash.
Furthermore, Deaton points to Secretary of Commerce Howard Lutnick’s comments of having “hundreds of millions of dollars exposure to BTC.” Lutnick disclosed in an interview with Anthony Pompliano that his BTC holdings could surge to billions in the coming year.
Treasury Secretary Scott Bessent has confirmed the US government’s commitment to Bitcoin while hinting at an expansion to other cryptocurrencies. On the institutional side, BlackRock’s Larry Fink is urging investors to allocate 5% of their net worth to BTC. The largest asset manager in the world has added BTC ETF to its model portfolio, doubling down on Bitcoin.
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