David Schwartz, the Chief Technology Officer of Ripple, recently shared on X (formerly Twitter) about a past financial decision that continues to haunt him. Schwartz revealed that selling 40,000 ETH at $1.05 is one of his biggest regrets, especially considering the cryptocurrency's significant growth since then. He had acquired these ETH during Ethereum's pre-ICO era, even receiving a personal invitation from Vitalik Buterin himself. Schwartz used the proceeds from the sale to buy solar panels for a house he no longer owned. The ETH stash would have been worth $100 million after. The tweet sparked reactions from the crypto community, with some reminiscing about the 'missed opportunity'.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.
Schwartz's tweet elicited reactions from the crypto community. Interestingly, one X user asked the Ripple CTO about the solar panels now, and some reflected on the"$100 million opportunity" missed.The Ripple CTO has maintained openness about his crypto ownership. As previously reported, Schwartz acknowledged in an X conversation that he had sold someholdings in the past, but only to acquire additional XRP and Ethereum , rather than to diversify into other digital assets.
Schwartz revealed that during the pinnacle of his holdings, he had around 26 million XRP and that he has never sold XRP to buy other cryptocurrencies, except for maybe selling tiny quantities of XRP for"unusual" reasons. Similarly, in a January tweet, Ripple CEO Brad Garlinghouse revealed his holdings, which included XRP, BTC and ETH, among a few others, while highlighting a multichain world and level playing field for all cryptocurrencies.
Finance CRYPTOCURRENCY ETHEREUM RIPPLE DAVID SCHWARTZ INVESTMENT REGRETS
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ripple Exec Predicts That Bitcoin Will Stay Number One for 'Long Time'Ripple's Schwartz expects Bitcoin to retain its crown due to network effects
Read more »
XRP vs. ETH: Can Ripple Token Surpass Ethereum?The crypto market has seen a significant downturn, with both XRP and ETH experiencing double-digit declines. Despite XRP's recent surge to its 2018 high, the gap between its market cap and ETH's has narrowed mainly due to ETH's underperformance. An AI chatbot analyzes the factors influencing XRP's potential to surpass ETH, highlighting regulatory clarity, institutional adoption, and blockchain speed as key considerations. While XRP has advantages in payment speed and fees, the chatbot believes Ethereum is unlikely to be surpassed unless it experiences further setbacks.
Read more »
Ripple President to Reveal Ripple's Goals for 2025 Next WeekRipple's top executive has announced key content of her speech at upcoming Ripple event
Read more »
Ripple News: XRP Volumes Cross $400M as 2024 Turns 'Monumental Year For Ripple'The rapid expansion of the XRP Ledger's DEX was one of the key reasons that made 2024 “one of the most monumental years for Ripple.”
Read more »
Ethereum Price Forecast: ETH set for rally as its Foundation allocates 50,000 ETH to DeFiEthereum (ETH) trades around $3,330 on Monday following the general crypto market decline stemming from traders' reaction to Unites States (US) President Donald Trump's failure to mention crypto during his inauguration.
Read more »
Ripple CEO Slams Gary Gensler Over His Intention to Fight Until ‘Bitter End’ Against RippleRipple boss has commented on Gary Gensler’s decision to confront Ripple in court to the “bitter end”
Read more »