{"id":72783,"date":"2025-06-09T14:11:38","date_gmt":"2025-06-09T14:11:38","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=72783"},"modified":"2025-06-09T14:11:38","modified_gmt":"2025-06-09T14:11:38","slug":"is-bitcoin-a-better-buy-now-than-it-was-at-20k-lawyer-explains","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=72783","title":{"rendered":"Is Bitcoin a Better Buy Now Than it Was at $20K? (Lawyer Explains)"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Bitcoin at its current value is seen by some as a \u201csafer buy\u201d than at $20,000, supported by expectations of rising debt from new economic policies and accelerating institutional and nation-state adoption.<\/p>\n

Factors like negative exchange netflows, a stable MVRV ratio, and a record 55 million BTC holders point to potential for further price growth.<\/p>\n

<\/a><\/span><\/h2>\n

Is BTC Now a \u2018Safer Buy?\u2019<\/h2>\n

John Deaton, an American attorney who represents thousands of XRP investors in the lawsuit between Ripple and the US SEC, recently expressed<\/a> an interesting opinion regarding the primary cryptocurrency.<\/span><\/p>\n

He shared a post by David Bailey (Chairman of Bitcoin Magazine), who recently urged people to \u201cget as much capital\u201d and use it to purchase Bitcoin (BTC).<\/span><\/p>\n

While Deaton said he is not in favor of telling individuals to take out loans to buy crypto, he argued that the leading digital asset <\/span>at a price of<\/span> $106,000 seems like a \u201csafer buy\u201d than it was at $20,000. He backed his theory with the likely passage of the Build Back Better (BBB) economic initiative and the GENIUS Act, predicting they would lead to the printing of fiat money and \u201cskyrocketing\u201d debt.<\/span><\/p>\n

The lawyer added that this possible development, combined with rapid institutional and nation-state adoption, makes buying BTC at current prices \u201cmore asymmetrical\u201d than it was at $25,000.<\/p>\n

\u201cBut I\u2019ll fully admit I suffer from both confirmation and wealth-preservation bias,\u201d Deaton concluded.<\/span><\/p>\n

Further<\/span> Pump Incoming?<\/span><\/h2>\n

BTC trading above the psychological level of $100,000 might still seem surreal to some members of the crypto community, who have been waiting for that milestone for years.\u00a0<\/span><\/p>\n

Moreover, some key factors suggest that the asset may experience an additional rally in the short term. <\/span>For instance, the BTC exchange <\/span>netflow<\/span> has been predominantly negative in the past months, suggesting that investors have shifted from centralized <\/span>exchanged<\/span> toward self-custody methods.<\/span> This<\/span>, in turn, reduces the immediate selling pressure.<\/span><\/p>\n

<\/a>BTC Exchange Netflow, Source: CryptoQuant<\/p>\n

Bitcoin\u2019s MVRV, which compares the asset\u2019s market capitalization to its realized capitalization\u00a0and helps traders identify whether the asset is undervalued or overvalued, is also worth observing. <\/span><\/p>\n

Over the past few weeks, the ratio has been fluctuating within the healthy range of 2 to 2.5, suggesting there is still potential for further appreciation. According to CryptoQuant, historical data shows that readings above 3.70 have typically signaled market peaks, whereas values below<\/span> 1 <\/span>have indicated bottoms.<\/span><\/p>\n

<\/a>BTC MVRV, Source: CryptoQuant<\/p>\n

Last but not least, the total number of BTC holders recently <\/span>hit<\/span><\/a> a new all-time high of over 55 million, signaling growing adoption and higher demand for the asset.\u00a0<\/span><\/p>\n

The post Is Bitcoin a Better Buy Now Than it Was at $20K? (Lawyer Explains)<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Bitcoin at its current value is seen by some as a \u201csafer buy\u201d than at $20,000, supported by expectations of rising debt from new economic policies and accelerating institutional and nation-state adoption. Factors like negative exchange netflows, a stable MVRV ratio, and a record 55 million BTC holders point to potential for further price […]<\/p>\n","protected":false},"author":0,"featured_media":72784,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-72783","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/72783"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=72783"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/72783\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/72784"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=72783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=72783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=72783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}