Ripple technical director David Schwartz said that even if he had not been at the forefront of the company, he would have “definitely” invested in XRP.
While you are speculating @joelKatz, if you was not involved with the company Ripple, knowing what you know would you invest in XRP???
— Spuds XRP (@Abud4spud) July 14, 2020
He also said that he has been investing in cryptocurrencies for a long time and in some period of time owned more than 40 tokens. Even now, he owns some assets. Schwartz said:
“Almost certainly I would invest in XRP. I mined BTC in 2011 and bought ETH during the initial offer. I have had many ICO tokens and still have some. Probably, at one time there were at least 40 different tokens. ”
Interestingly, Schwartz abandoned the share of XRP and instead owns 2% of Ripple itself. But the founders of the company Chris Larsen (Chris Larsen) and Jed McCaleb (Jed McCaleb) chose XRP.
In January 2018, the rate of this cryptocurrency reached $ 3.65, and Larsen’s fortune was estimated at $ 60 billion. However, even now, Larsen remains one of the richest people in the cryptocurrency industry.
Note that now XRP is trading below $ 0.20 and, according to Schwartz, this is a fairly fair price for a coin. He noted that if he had not participated in the development of Ripple, then most likely he would have ended up in any cryptocurrency project anyway:
“If I hadn’t been so focused on Ripple, I probably would have created smart contract systems without tokens.”
Recall that earlier, David Schwartz said that on the basis of XRP it will be possible to create stablecoins.