Prominent XRP lawyer John Deaton recently took to X, urging holders of the popular cryptocurrency to embrace Bitcoin’s current surge. Deaton argues that Bitcoin’s success is directly tied to the well-being of altcoins, including XRP, stating it as an undeniable fact.
Deaton’s post was a response to an X user accusing him of promoting Bitcoin and ignoring XRP. The user added that members of the XRP army were disappointed in Deaton and described his alleged behavior as a “lack of respect” for the XRP army.
Don't care what you owned but since the case you seem to be plugging btc and not xrp, surely you can see why army members are disappointed with your lack of respect for them
— peter shelton (@Astroboy61Peter) December 6, 2023
Read Also: Wallets Holding 100,000 to 1 Billion XRP Reach Yearly Peak; XRP Becomes 4th Largest Crypto
Deaton’s Response
Deaton refuted these claims, writing, “Lack of respect? Every XRP golder should hope Bitcoin runs up. Why? Because that’s what must happen before any alt, including XRP, runs up.” Deaton shed light on the relationship between Bitcoin and altcoins, emphasizing the significance of Bitcoin’s performance for the broader cryptocurrency market.
Lack of respect? 🤦♂️
Every XRP holder should hope Bitcoin runs up. Why? Because that’s what must happen before any alt, including XRP, runs up. XRP has not decoupled from Bitcoin. That’s a fact no matter how much you or anyone hate it. I have a significant stake in XRP, but being…
— John E Deaton (@JohnEDeaton1) December 6, 2023
While expressing hope for Bitcoin’s upward trajectory, Deaton underscores the essential connection between the flagship crypto and XRP, challenging the notion of complete decoupling.
Despite the recent reduction in XRP’s correlation with Bitcoin, Deaton asserts that for altcoins, including XRP, to experience a surge, Bitcoin’s positive movement is a prerequisite. He highlights the interconnected nature of the crypto market, stating, “XRP has not decoupled from Bitcoin. That’s a fact no matter how much you or anyone hate it.”
Standing Against Maximalism
Deaton’s viewpoint is not a dismissal of XRP’s unique strengths or a blind adherence to Bitcoin maximalism. Instead, it recognizes the current market dynamics and the influence of Bitcoin as the biggest player in the crypto market.
Despite holding a significant stake in XRP, Deaton emphasizes that his support for Bitcoin is not rooted in any form of maximalism. He actively rejects Bitcoin and XRP maximalism, calling for a more united and inclusive crypto community.
We are on twitter, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) July 15, 2023
Read Also: XRP Holders Attorney John Deaton Shares 3 Hints On His Upcoming “Big Announcement”
The Community’s Response
Deaton’s post has sparked intense debate and discussion within the crypto world. While many agree with his assessment, acknowledging Bitcoin’s undeniable market influence, others remain skeptical.
One user took things further, accusing Deaton of trying to get the XRP community to direct their energy at the cryptocurrency he is invested in. However, Deaton had overwhelming support from the community.
The legal expert’s call for unity and collaboration between different communities, if embraced, could potentially pave the way for a more stable and prosperous future for the entire crypto market.
Right now is also the best time to move with Bitcoin because of the massive gains expected from the upcoming Bitcoin halving, which could send the crypto market to unprecedented heights.
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