Despite the ongoing crypto market slump, pro-XRP lawyer John Deaton is urging financial advisors to encourage clients to allocate a portion of their holdings to digital assets. Citing evolving U.S. regulations and increasing institutional interest, Deaton argues that the current market correction is temporary and presents a strategic buying opportunity.
Financial Advisors Should Push for Crypto Investments
Deaton, a vocal advocate for XRP and broader crypto adoption, took to X (formerly Twitter) to stress the importance of financial advisors incorporating digital assets into investment portfolios.
“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 assets?” he questioned.
He highlighted a shifting regulatory landscape under President Donald Trump, emphasizing that two years ago, the crypto industry was merely seeking clear guidelines. Now, however, the administration is actively shaping policy through initiatives such as the appointment of a Crypto Czar, the formation of a Crypto Council, and the establishment of a Strategic Bitcoin Reserve (SBR).
Key Drivers for a Potential Crypto Rally
Deaton outlined three primary reasons why investors should consider accumulating cryptocurrencies despite the current downturn:
U.S. Government’s Bitcoin Strategy – The administration’s budget-neutral approach to Bitcoin acquisition is seen as a strong signal for future price appreciation.
Institutional Adoption – Secretary of Commerce Howard Lutnick recently revealed his firm’s substantial Bitcoin exposure, suggesting it could grow into the billions in the coming years.
Endorsements from Major Financial Players – BlackRock CEO Larry Fink has encouraged investors to allocate 5% of their portfolios to Bitcoin, while the firm has integrated a Bitcoin ETF into its model portfolio, signaling deep institutional confidence in digital assets.
As the crypto market navigates its current volatility, Deaton and other industry experts maintain that long-term growth remains intact, with regulatory clarity and institutional backing laying the foundation for future price surges.
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