• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Ledger CTO Warns Of Crypto Clipper Malware Following Major NPM Breach
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Ledger CTO Warns Of Crypto Clipper Malware Following Major NPM Breach
Bitcoin

Legal Expert Praises Bitcoin, Labels It Freedom Against Financial Control, Here’s Why

Godspower Owie
by Godspower Owie
1 year ago
·
Posted in Bitcoin News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

In a recent public statement, John E Deaton, a popular legal expert and cryptocurrency advocate has labeled Bitcoin, the largest digital asset, as a symbol of financial freedom and a key tool in the struggle against centralized financial control from major figures like the United States Senator Elizabeth Warren. Deaton’s commendation toward Bitcoin points to its decentralized nature, which is believed to empower individuals since it offers them an alternative to established banking institutions and government-mandated financial regulations.

Bitcoin Is Financial Freedom

The expert revealed his insights during a podcast with SkyBridge Capital founder, Anthony Scaramucci when asked the first word that comes to his mind when he hears Bitcoin. John Deaton, well-known for his legal defense in the digital asset space answered by saying Bitcoin is freedom.

Related Reading: Pro-XRP Lawyer Holds Warren Responsible For Partisan Crypto Stance

Deaton then based his perspective on his life-long self-determination in the US. “The America I grew up in, and the America I joined the Marine Corps to defend, is a country where your birth and circumstances of your childhood do not dictate your destiny. In the America I love, your destiny is self-determined,” he stated.

Although Deaton contends that individuals ought to be able to shape their own destiny, he noted that US Senator Elizabeth Warren maintains that people should all live in a Nanny State, where those in power, including her, dictate how people should conduct their lives.

The post read:

Warren on the other hand believes in a Nanny State, where the Elites, like her, get to tell us how to live our lives. They believe they know what’s best for us. Warren thinks Bitcoin is a terrible investment. Okay maybe it is, maybe it isn’t. She has the freedom not to invest. But that’s not enough for her. She believes she must protect us from making a bad investment.

According to the expert, Warren thinks she knows what is in the best interest of the general public, as she claims investing in Bitcoin is a terrible choice of investment. He stated that Warrens feels it is her responsibility to protect individuals from investing poorly, however, this protection is at the detriment of personal freedom.

Deaton further likened her position to a scenario with Apple in 1980 when the state regulator forbade the general public from purchasing Apple stock at the Initial Public Offering (IPO). While Deaton highlighted that the state regulators prevented individuals from a potential investment like Apple Stock back then, he believes that Warren desires to follow suit with Bitcoin.

BTC Stabilizes Inflation And Deficit Spending

Deaton’s perspective comes in response to Coinbase‘s co-founder and Chief Executive Officer (CEO) Brain Armstrong’s post emphasizing BTC’s role as a counterbalance to inflation and deficit spending. “Bitcoin is an important check and balance on inflation and deficit spending.,” he stated.

Related Reading: John E. Deaton Criticized US Government’s Bitcoin Transaction To Coinbase Here’s Why

In a period when broad fiscal policies are making traditional fiat currencies more vulnerable to inflationary pressures, Armstrong contends that Bitcoin stands apart as a means of protecting value. Armstrong further noted that the digital asset can potentially expand both the American experiment and Western civilization, as he believes owning Bitcoin is pro-America.

Bitcoin
BTC trading at $56,716 on the 1D chart | Source: BTCUSDT on Tradingview.com
Featured image from X, chart from Tradingview.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Godspower Owie

Godspower Owie

Follow

Godspower Owie is my name, and I work for the news platforms NewsBTC and Bitcoinist. I sometimes like to think of myself as an explorer since I enjoy exploring new places, learning new things, especially valuable ones, and meeting new people who have an impact on my life, no matter how small. I value my family, friends, career, and time. Really, those are most likely the most significant aspects of every person's existence. Not illusions, but dreams are what I pursue.

Full Profile

Related Posts

Bitcoin

Strategy Announces New $214 Million Bitcoin Purchase, Now Controls 3.2% Of BTC Supply

37 minutes ago
Bitcoin news

Bitcoin Core Censorship Could Trigger Full-Scale Fork, Ordinals Leader Warns

5 hours ago
AI Models Predict Neutral Bitcoin Trend: Warns Of Late-September Shock

AI Models Predict Neutral Bitcoin Trend: Warns Of Late-September Shock

9 hours ago
bitcoin btc btcusd crypto

Whales Dump 115,000 BTC in Largest Distribution Since 2022: Is a Crash Looming?

10 hours ago
Bitcoin

Is Tether Dumping Its Massive Bitcoin Holdings? CEO Shares The Truth

12 hours ago
bitcoin trump powell

Fed Rate Cuts Incoming: Why Analysts Doubt Bitcoin’s Next Rally

13 hours ago

Premium Sponsors

Press Releases

  • miner

    From simply holding coins to earning steady daily returns...

    2 hours ago
  • Ex-Wealth Manager Théo Vaucher Leaves Wealth Management to...

    4 hours ago
  • miner

    COME Mining cloud mining is becoming a new way to play with...

    14 hours ago
  • How ALL4 Mining Cloud Mining Unleashes XRP’s...

    14 hours ago
  • Domain Scams

    Scam Coinomize Domains: How to Spot and Stop Domain Scams

    16 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.