Ripple’s Former CTO Reflects: Regrets Over Selling XRP

Ripple’s former chief technology officer, David Schwartz, admitted on Crypto Twitter that he regretted selling portions of his XRP holdings. He noted he had liquidated multiple lots of Ripple’s native XRP at $0.10 per coin and Ethereum (ETH) at $1, citing a cautious approach to risk.

Allergic to Risk? Schwartz Explains Paper-Handedness

“I fully recognize that crypto may be a once-in-a-generation chance to get rich that we have not missed yet and that may mean that I miss a lot of it,” David ‘JoelKatz’ Schwartz said. He added that każ strategic decisions arose from a cautious stance toward risk, not from a lack of confidence in XRP or cryptocurrency as a whole.

Schwartz explained that the gradual reduction of his XRP and ETH holdings was part of an agreement with his wife, who had chosen to liquidate assets when they reached new all‑time highs. He reiterated that his risk aversion remains a defining factor in his investment choices.

What Tricks Ripple Has Under Their Sleeve to Boost XRP

Despite his caution, Schwartz remains optimistic about the future of cryptocurrency. He highlighted the “once‑in‑a‑generation” opportunity that is tied to the broader adoption of blockchain technology, with Ripple’s technology stack positioned as a frontrunner.

Ripple’s recent regulatory successes—most notably the settlement of a six‑year legal dispute with the U.S. Securities and Exchange Commission and the acquisition of a full MiCa license in Europe—position the company well for future growth. With continued regulatory clarity, Ripple’s RLUSD stablecoin could gain traction in institutional markets, potentially rivaling established stablecoins such as USDC. Meanwhile, Ripple’s On‑Demand Liquidity (ODL) solution remains actively used in cross‑border trade, with transactions typically settling in XRP in real time.

Source link