David Schwartz: “I would invest in XRP, even if I did not participate in the development”


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.

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.

About author

Experienced Founder with a demonstrated history of working in the newspapers industry. Skilled in Data Research, Management, Investment Research, Teamwork, and Leadership. Influencing the technology, people, and technical analysis of the Cryptocurrency and Blockchain world.
Related posts

Brad Garlinghouse: "we tried to settle claims with the SEC before the trial"


CoinMetrics: XRP Whales Down 8% Amid SEC Lawsuit Against Ripple


Ripple: "SEC lawsuit harmed multiple XRP retail holders"


B2C2 Cryptocurrency Market Maker Will Stop XRP Trading For US Clients

Sign up for our newsletter and stay informed

0 0 votes
Page Rating
Notify of
Inline Feedbacks
View all comments
Would love your thoughts, please comment.x