Prominent crypto lawyer and XRP enthusiast John Deaton has implemented an important shift in his cryptocurrency portfolio, having once favored Bitcoin and Ethereum. Having strongly gained the belief in XRP’s long-term potential, he has now reallocated his investments, setting a greater portion of his cryptocurrency holdings to the digital asset particularly designed to facilitate cross-border payments. Deaton was both courageous and deliberate in his choice, since his move broke away from the habitual wisdom found within the crypto realm.
Ethereum, as the second-largest cryptocurrency following market capitalization, has long been considered as a significant leader in the area of smart-contracts. Whereas, Deaton still prioritizes XRP due to its knack of disrupting global payments. Featuring speed, scalability and cost efficiencies, he acknowledges XRP’s ability to settle cross-border payments much faster and cheaper than regular procedures. And he even takes current volumes of such cross-border FTA – exceeding no less than $2.8 trillion in 2021 alone – as a confirmative evidence of growth opportunity in the market.
Further into 2030, Deaton projects the industry will soak up close to a stunning $290 trillion. And remarkably, he strongly assumes XRP can captivate an essential segment of this demanded market slot. Despite market sentiment remaining halt, his faith in long-term prospects stays resolute. According to his research, XRP can rise above eventually taking into account the resilient case it takes against the SEC. Investing on XRP no matter the consequence is something of a sheer valve of his strength in a postulated supposition.
