David Schwartz as soon as bought 40,000 Ethereum tokens for $1.05 every. That commerce netted him $42,000. Those self same tokens are price roughly $94 million as we speak.
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A Sample Of Early Exits
It wasn’t a one-time name. Schwartz, the previous chief know-how officer of Ripple, additionally held greater than 1,000 Bitcoin at one level. He bought the majority of it at $1,000 per coin, then cleared out most of what remained at $7,500.
He now holds lower than one BTC. His XRP story follows an identical arc — he sold most of his holdings when the token hit $0.10, having by no means believed it could climb to $0.25.
These disclosures have drawn scrutiny from corners of the XRP neighborhood, with some pointing to his early exits as proof of poor judgment.
The criticism sharpened lately when Schwartz publicly questioned whether or not XRP might ever attain $100 or $10,000 — worth targets that many locally deal with as lifelike.
Everybody had the identical alternative to purchase and promote XRP that I did. I did the identical factor with bitcoin and ETH and no one appears to have an issue with that. I totally reject the concept that promoting is someway morally inferior to purchasing and have advocated that everybody promote when it’s…
— David ‘JoelKatz’ Schwartz (@JoelKatz) May 5, 2026
What Schwartz Really Mentioned
His response got here on X. He pushed back on the concept that promoting an asset makes somebody much less dedicated or someway at fault.
In response to Schwartz, each investor had the identical likelihood to purchase and promote XRP that he did. He additionally famous that he utilized the identical strategy to Bitcoin and Ethereum, and that neither of these gross sales drew the identical stage of backlash.
Schwartz went additional, saying he has lengthy believed that individuals ought to promote when it advantages them financially. Experiences point out he traced that view again to his early days within the Bitcoin neighborhood, the place that precept was a part of the tradition that drew him in.
One neighborhood member argued that builders have an obligation to carry the tokens tied to their tasks. Schwartz rejected that reasoning outright, calling it illogical. He did affirm, although, that he nonetheless holds greater than 1 million XRP.
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The $10,000 Query
On the worth debate, Schwartz supplied a market-based argument. Based mostly on studies from his current posts, he mentioned that if a bunch of rich traders really believed XRP had even a 1% likelihood of hitting $10,000, they’d have already piled in. That purchasing strain, he argued, would have pushed the worth to no less than $20 by now.
Some neighborhood members aren’t shopping for it. They level to his earlier skepticism about $0.25 — a stage XRP has since surpassed — as a motive to query his present learn on the asset’s ceiling.
Schwartz has not walked again his place.
Featured picture from Bitpanda, chart from TradingView
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