David Schwartz Says Selling XRP Doesn’t Make Him The Villain
David Schwartz once sold 40,000 Ethereum tokens for $1.05 each. That trade netted him $42,000. Those same tokens are worth roughly $94 million today.
Schwartz went further, saying he has long believed that people should sell when it benefits them financially. Reports indicate he traced that view back to his early days in the Bitcoin community, where that principle was part of the culture that drew him in.
One community member argued that builders have a duty to hold the tokens tied to their projects. Schwartz rejected that reasoning outright, calling it illogical. He did confirm, though, that he still holds more than 1 million XRP.
Related Reading
The $10,000 Question
On the price debate, Schwartz offered a market-based argument. Based on reports from his recent posts, he said that if a group of wealthy investors truly believed XRP had even a 1% chance of hitting $10,000, they would have already piled in. That buying pressure, he argued, would have pushed the price to at least $20 by now.
Some community members aren’t buying it. They point to his earlier skepticism about $0.25 — a level XRP has since surpassed — as a reason to question his current read on the asset’s ceiling.
Schwartz has not walked back his position.
Featured image from Bitpanda, chart from TradingView
About Author
