Ripple Vet Doubts $10K XRP Price Target
Schwartz has made it clear that Ripple is not trying to hide some “grand conspiracy,” and its not holding onto a magic switch that could instantly push the XRP price higher on a whim. “We‘ve explained what we’re doing, why we‘re doing it, and what we hope to achieve. While we aren’t transparent about everything, were not hiding some grand conspiracy. At least not as far as I know,” Schwartz has stated. Selling at $0.10 Schwartz has openly admitted that he de-risked his personal finances by selling a significant portion of his XRP portfolio at just $0.10 per token. He noted that predicting massive price surges at the time seemed as impossible as Bitcoin hitting $100. “I started selling XRP at $0.10 because it seemed insane,” Schwartz explained. As reported by U.Today, he also recently addressed his controversial XRP price tweet. In 2017, Schwartz posted that XRP “cant be dirt cheap” if it is meant to gain acceptance in global payments. Many interpreted this as a price prediction, but Schwartz has clarified that he was explaining basic economics.