• John E Deaton recently tweeted that he believes that Bitcoin (BTC), Ethereum (ETH), and the XRP token will still be standing in five years‘ time.
• Returning to a forecast he made in August of last year, John E Deaton referenced research by the Head of Assets at Zurich-based Sygnum Bank that suggested three digital assets of the future: Bitcoin as a store of value, Ethereum for infrastructure, and XRP for payments.
• Deaton maintains his projection because, except for the ongoing Ripple litigation, nothing has changed for XRP since 2020, when the prediction was made.
As of late, the cryptocurrency industry has been recovering from a slump caused by FTX and Alameda. On major spot exchanges, Bitcoin (BTC) briefly surged to $23,330 on January 21, 2023, setting a new five-month high and surpassing the previous peak of $19,345 reached on August 19, 2022. In the midst of the resurgence, blockchain expert and founder of CryptoLaw, John E Deaton took to Twitter to make a prediction about the future of Bitcoin (BTC), Ethereum (ETH), and XRP.
Deaton began by referencing research from the Head of Assets at Zurich-based Sygnum Bank, which suggested three digital assets of the future: Bitcoin as a store of value, Ethereum for infrastructure, and XRP for payments. Deaton then stated that he believed that all three would still be standing in five years, despite the ongoing SEC lawsuit against Ripple Labs and two of its executives. According to Deaton, nothing has changed for XRP since the prediction was made in 2020, with the exception of the lawsuit.
This statement reveals John E Deaton’s confidence in the longevity of the three digital assets. Despite the bearish market conditions, Deaton believes that the long-term prospects of Bitcoin (BTC), Ethereum (ETH), and XRP remain strong and that they will continue to serve as major players in the cryptocurrency industry for years to come. He is also optimistic that more tokens will emerge in the next five years, many of which will no doubt be successful.
Given the current market conditions, it is difficult to make any concrete predictions about the future. However, John E Deaton’s optimistic outlook on Bitcoin (BTC), Ethereum (ETH), and XRP provides some insight into the potential of the cryptocurrency industry. As the market continues to evolve, the future of these digital assets will no doubt be determined by their ability to stay relevant and to meet the needs of the industry.