regret over missed opportunities
David Schwartz, the CTO of Ripple, recently discussed his biggest regrets regarding his crypto journey in a discussion on X (formerly Twitter). One of his biggest regrets was selling 40,000 Ethereum (ETH) at a time when the price was at $1.05. This decision has become a central point in his reflection on his investments.
background of the acquisition
Schwartz had acquired the 40,000 ETH during Ethereum's pre-ICO phase after being directly invited by Vitalik Buterin, the founder of Ethereum, to invest in the project. Through his malaysia phone number list support of Ethereum, Schwartz decided to invest 20 Bitcoin (BTC) , which gave him access to this significant amount of Ethereum.
application of proceeds
Selling the ETH allowed Schwartz to buy solar panels for a house he no longer owns. At the time of the sale, the ETH stash was worth an estimated $100 million, causing many in the crypto community to reflect on the missed opportunity. A user query on X specifically targeted the solar panels, further fueling the debate surrounding Schwartz's decision.
Schwartz has maintained transparency about his crypto holdings and admitted in conversations on X that he sold Bitcoin, but only used it to add to his XRP and ETH holdings, showing that he is primarily interested in supporting XRP and Ethereum rather than diversifying into other digital assets.