David Schwartz from Ripple announced this back in 2012. He sold the ether he owned for only $ 1 each
David Schwartz announced that the sale was part of a risk management plan he had entered into with his spouse. Schwartz, who is currently Ripple’s chief technology officer, regrets the decision to de-icing.
According to a Twitter thread posted Oct. 11, Schwartz stated that in 2012 he and his wife decided to dump a 40,000 stash of ether for $ 1 each. If he’d held onto it and sold it at current prices, the airwaves would have brought him over $ 15.5 million.
However, this is not the only thing he regrets. He also sold a huge sum of Bitcoin (BTC) for $ 750 each and Ripple (XRP) for $ 0.10 each. While he hasn’t specified the exact volume of the cryptocurrencies, it’s not hard to see that he would have won more if he’d held them and sold them at better prices. BTC and XRP are currently trading at $ 11,481.84 and $ 0.26, respectively.
Schwartz made the revelation when he responded to a tweet that read, “Anyone who squeezes XPC while gutting is a scammer. You cannot try to build trust in others for XRP while you do not believe in it yourself and think that deicing it is your best option. “
Although the user was not specifically referring to him, Schwartz felt the need to share his story. He stated that his decision to derisk was a difficult one and that he made the decision because of his risk averse nature.
“Fate made me put many eggs in one basket. The risk is very high in the entire cryptocurrency space. I’m just too rational to pretend otherwise and suggest others do the same, ”he wrote.