XRP Lawyer Raises Concerns About High-Risk Bitcoin Strategies

Prominent crypto lawyer John Deaton has sounded the alarm about a growing trend of risky investment strategies for Bitcoin. He specifically warns against leveraging personal assets like home equity to acquire BTC, citing this as a significant financial risk. This comes amid proposals that use home equity to finance Bitcoin purchases, which aligns with the actions of entities such as Michael Saylor’s company, Strategy, which recently launched a new perpetual preferred stock offering to bolster their Bitcoin holdings.