Ripple CTO Emeritus on ETH Decision: Even 1% Chance Would Have Changed Everything
In a recent discussion on X, Ripple CTO Emeritus David Schwartz reflected on his early Ethereum exit. An X user had retold Schwartz‘s story of selling his ETH holdings for $1.05 each and that the Ripple CTO Emeritus wouldn’t have sold if he thought there was a 1% chance of ETH hitting $2,368. Schwartz famously sold a total of 40,000 ETH when the second largest cryptocurrency was trading at just $1.05. The Ripple CTO Emeritus initially bought the 40,000 ETH tokens at $0.311 and sold because he thought the token had reached its top. The proceeds were used to purchase a set of solar panels that he installed at his home in Oakland, California. Shortly after this, the ETH price started rising. In response to the X user, Schwartz responded that a 1% chance of his knowing the ETH price would rise might have made a difference and he would not have sold it for $1.05. To him, the odds of ETH reaching $2,368 werent just there. Crypto Regulation 2026: What Is Happening in Russia? Bitcoin Might Never Trade Below $60K Again If I had thought there was a 1% chance of it hitting $2,368, I would not have sold it for $1.05. Im still