• John E Deaton predicts that Bitcoin (BTC), Ethereum (ETH), and the XRP token will still be standing in five years‘ time.
• 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.

The cryptocurrency industry has been in a state of turmoil for the last few months, with the prices of many digital assets being on a constant decline. However, the situation appears to be improving, as Bitcoin (BTC) recently jumped to $23,330 on January 21, 2023 on significant spot exchange platforms, reaching heights not seen since August 19, 2022 and hitting new five-month highs.

In light of this development, blockchain enthusiast and founder of CryptoLaw John Deaton recently tweeted that he believes that Bitcoin (BTC), Ethereum (ETH), and the XRP token will still be standing in five years‘ time. This is a return to the forecast he made in August of last year, when he 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. The SEC filed a lawsuit against Ripple Labs and two of its officials in late 2020, accusing them of violating securities laws by selling unregistered securities. The lawsuit has caused a great deal of uncertainty in the market, leading to the prices of the XRP token dropping significantly.

Despite this, John E Deaton believes that XRP (XRP), Bitcoin (BTC), and Ethereum (ETH) will all still be standing in five years, and that the question is what other tokens will be? He quoted Ripple CEO Brad Garlinghouse, who said that 99% of tokens are likely going to zero.

Overall, John E Deaton’s predictions are an encouraging sign for the industry, as it suggests that the market is on the right track and that it may be able to recover from the turbulence of the last few months. We will have to wait and see what the future holds, but if Deaton’s predictions are anything to go by, then we can be sure that Bitcoin (BTC), Ethereum (ETH), and XRP will all still be standing in five years‘ time.