Bitcoin and XRP have long been at the center of a debate among cryptocurrency enthusiasts. While the communities often clash over which asset holds more long-term value, recent statements from Ripple lawyer John Deaton have added new fuel to the discussion. Deaton, known for his advocacy in the XRP community, has now publicly endorsed Bitcoin, highlighting its strong market potential.

John Deaton Supports Bitcoin Despite XRP Debate

In a recent post on X, Deaton stated that Bitcoin remains a crucial asset for any investor. He emphasized that financial advisors should not ignore Bitcoin when constructing investment portfolios. The lawyer said, “Whether you’re a BTC Maxi, XRP Maxi, or other token Maxi… I do not see how you could advise a client to have no (zero) exposure to Bitcoin.”

His endorsement comes as Bitcoin is trading at around $80,000. Deaton acknowledged that market conditions could change over time but maintained that Bitcoin remains a key investment for the present moment.

U.S. Officials Express Confidence in Bitcoin

Deaton’s remarks follow significant developments in institutional Bitcoin adoption. Cantor Fitzgerald, a financial services firm managing billions in assets, has entered the Bitcoin-backed lending space through partnerships with Anchorage Digital and Copper. The firm’s involvement has strengthened Bitcoin’s credibility among institutional investors.

Additionally, Deaton pointed out that Howard Lutnick, the CEO of Cantor Fitzgerald and U.S. Commerce Secretary, has played a role in Tether’s reserve management. Lutnick’s company reportedly holds a stake in Tether and possesses Bitcoin worth tens of millions of dollars.

Another key figure, U.S. Treasury Secretary Scott Bessent, has also been a proponent of Bitcoin. Deaton noted that Bessent personally holds large amounts of BTC and remains one of its most vocal supporters.

Trump’s Crypto Stance Shifts Toward Bitcoin

Donald Trump served as former U.S. President yet he maintained reservations about cryptocurrencies throughout his administration. The former U.S. President Donald Trump now backs Bitcoin as he has authorized an executive order to recognize Bitcoin as a strategic reserve asset. The latest execution order has boosted Bitcoin’s market dominance which originally built positive market momentum.

Trump has ordered officials such as Lutnick and Bessent to find ways that expand the amount of Bitcoin controlled by the U.S. government. The recent move has created extensive expectations about how Bitcoin may gain more institutional support over the upcoming months.

Bitcoin’s Price Outlook Amid Institutional Adoption

Market analysts have weighed in on Bitcoin’s future trajectory, with some forecasting substantial price gains. Robert Kiyosaki, author of “Rich Dad, Poor Dad,” has predicted that Bitcoin could reach $350,000 by 2025 if current adoption trends continue.

The support from Deaton expands the growing number of influential figures who endorse Bitcoin. The ongoing competition between Bitcoin and XRP persists but Bitcoin shows growing strength in worldwide financial activities according to Deaton. Bitcoin’s future continues to bring attention from investors because institutions provide strengthening support and regulatory rules adapt.