John E Deaton, a prominent legal expert and cryptocurrency advocate, has praised Bitcoin (CRYPTO:BTC) as a symbol of financial freedom and a counter to centralised financial control.

Speaking on a podcast with Anthony Scaramucci, Deaton emphasised Bitcoin's decentralised nature, which he sees as empowering individuals against government and banking institutions' regulations.

He criticised US Senator Elizabeth Warren for her stance on Bitcoin, accusing her of advocating a "Nanny State" that restricts personal investment freedom.

Deaton drew parallels to historical instances like Apple's IPO, where state regulators prevented public investment opportunities, suggesting Warren's approach to Bitcoin echoes this restrictive mindset.

Highlighting Bitcoin's role in stabilising against inflation and deficit spending, Deaton echoed sentiments shared by Coinbase CEO Brian Armstrong, underscoring Bitcoin's potential as a hedge in uncertain economic times.