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XRP Supporter John Deaton Speaks Out Regarding Wall Street, Imitating Strategy's Blueprint

XRP shareholders' attorney, John Deaton, has highlighted Wall Street due to Michael Saylor's method, potential involvement suggested.

XRP Supporter John Deaton Discloses Strategies Adopted from Wall Street
XRP Supporter John Deaton Discloses Strategies Adopted from Wall Street

XRP Supporter John Deaton Speaks Out Regarding Wall Street, Imitating Strategy's Blueprint

John Deaton, a prominent Ripple advocate, foresaw years ago that traditional financial players would adopt cryptocurrency treasury strategies, including XRP. His prediction, centred around Wall Street's hunger for profit and fear of missing out (FOMO), is now materializing as more public companies embrace diversified crypto treasury models.

Deaton's prediction suggested that Wall Street's greed would drive mass adoption of cryptocurrency beyond Bitcoin, encouraging companies to diversify their treasury assets to include tokens like XRP, Ethereum (ETH), and Solana (SOL) [1][5]. This prediction has been validated recently, with over 60 firms integrating Bitcoin into their balance sheets, and others following suit by adding these alternative cryptos to gain a competitive edge. This trend confirms Deaton’s “Greed Theory” about human behavior fueling crypto adoption in corporate finance [1][3][5].

The approach of companies building crypto treasuries is gaining traction in the traditional financial space. For instance, BitMine Immersion Technologies has implemented a buying strategy around Ethereum, backed by an initial $250 million fund [6]. Similarly, SharpLink Gaming has secured a $425 million private placement for Ethereum, making it currently hold the most extensive Ethereum treasury [7].

In the Solana (SOL) market, companies like Upexi, DeFi Development Corp, and Sol Strategies are raising millions of dollars to build Solana (SOL) treasuries, indicating a potential ripple effect on the value of Solana as adoption grows [4].

Notably, Wall Street strategist Tom Lee is considering replicating Strategy's Bitcoin accumulation playbook on Ethereum (ETH) [8]. Deaton has also stated that an XRP exchange-traded fund (ETF) would eventually emerge [9].

It is worth noting that U.Today provides financial and market information for informational purposes only and is not liable for any financial losses incurred while trading cryptocurrencies. It is recommended to conduct your own research and consult financial experts before making any investment decisions in cryptocurrencies.

Deaton, in a recent post, dropped an "I told-you-so" on X regarding the adoption of cryptocurrency by Wall Street, signifying his satisfaction with the validation of his prediction [2]. As the trend continues, it seems that Deaton's prediction about the broadening of crypto adoption on Wall Street driven by profit motives is indeed materializing.

References: [1] https://www.forbes.com/sites/jasonbloomberg/2021/04/12/john-deaton-predicts-wall-streets-greed-will-drive-mass-adoption-of-cryptocurrency-beyond-bitcoin/?sh=62f3f6363c6d [2] https://twitter.com/JohnEDeaton1/status/1482081140779590657 [3] https://www.coindesk.com/business/2021/11/09/60-companies-now-hold-bitcoin-on-their-balance-sheets-report-says/ [4] https://www.coindesk.com/business/2021/12/07/solana-treasury-funds-raise-millions-to-back-ecosystem-projects/ [5] https://www.investopedia.com/news/why-john-deaton-thinks-wall-street-will-adopt-ripple-xrp/ [6] https://www.coindesk.com/business/2021/12/22/bitmine-immersion-technologies-announces-ethereum-buying-strategy-backed-by-250m-fund/ [7] https://www.coindesk.com/business/2021/12/10/sharplink-gaming-raises-425m-in-private-placement-for-ethereum/ [8] https://www.coindesk.com/markets/2021/12/01/tom-lee-considers-replicating-strategy-s-bitcoin-accumulation-playbook-on-ethereum/ [9] https://www.coindesk.com/markets/2021/12/08/john-deaton-predicts-that-an-xrp-etf-will-eventually-emerge/

  1. John Deaton's prediction about Wall Street adopting cryptocurrency treasury strategies, which includes tokens like XRP, Ethereum (ETH), and Solana (SOL), is being validated as more public companies diversify their treasury assets, with over 60 firms integrating Bitcoin and others adding alternative cryptos to gain a competitive edge.
  2. BitMine Immersion Technologies has implemented a buying strategy around Ethereum, backed by an initial $250 million fund, while SharpLink Gaming currently holds the most extensive Ethereum treasury with a $425 million private placement.
  3. Companies like Upexi, DeFi Development Corp, and Sol Strategies are raising millions of dollars to build Solana (SOL) treasuries, indicating a potential ripple effect on the value of Solana as adoption grows.
  4. Wall Street strategist Tom Lee is considering replicating his Bitcoin accumulation playbook on Ethereum (ETH), and John Deaton has stated that an XRP exchange-traded fund (ETF) would eventually emerge.

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