Regrets — Ripple’s CTO sold 40,000 Ether for just $1 each

Regrets — Ripple’s CTO sold 40,000 Ether for just $1 each


Ripple’s Chief Technology Officer, David Schwartz, has revealed that he and his wife decided to make a “derisking plan” for their crypto investments in 2012 — resulting in eight-figures worth of missed profit at current prices.

In a series of tweets published on October 11, Schwartz revealed that he sold 40,000 Ether (ETH) for $1 each back then — a stash that would be worth more than $15.5 million at today’s prices.

The Ripple (XRP) executive also said that he regretted selling a significant sum of Bitcoin (BTC) for $750 and a large trove of XRP at $0.10, but did not reveal the volume of the sales.

My decision to derisk was made in 2012 or so when I discussed investing in cryptocurrencies with my wife. She insisted we agree on a derisking plan right then. And I must say that every bitcoin I sold for $750 or XRP for $0.10 hurt.

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— David Schwartz (@JoelKatz) October 11,

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