David Schwartz, Ripple’s Chief Technology Officer, just revealed that XRP (XRP-USD) generated more personal wealth for him than any other cryptocurrency. This rare look into the finances of one of the main builders of the network serves as a massive sign that the token can outperform even the biggest names in the market.
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As more investors see the long-term success of early holders, the demand for the network’s services will continue to rise. This admission acts as a powerful catalyst for XRP’s price because it builds deep trust in the token’s ability to create lasting value for those who hold it.
Ripple’s David Schwartz Shares His Top-Earning Asset
The technology leader shared on social media that his early stake in the XRP network produced larger lifetime returns than any other investment he made. He once held 26 million XRP, along with 40,000 Ethereum (ETH-USD) and 1,000 Bitcoin (BTC-USD). Even though those other coins are very famous, the token he helped build was the one that paid him the most money. This multi-million dollar windfall happened because he kept a large portion of his founding stake while the price climbed toward its record peak of $3.65 last year.
Early Sales Cost Him Millions in Potential Gains
The expert also discussed some of his major mistakes when it comes to selling his coins too early. He sold his entire Ethereum position at a price of only $1.05 per token. He also cut his Bitcoin holdings from 1,000 coins down to less than one long before the price reached six figures.
These choices cost him a massive amount of wealth that he could have had today. He explained that his tendency to be cautious caused him to lock in small gains instead of waiting for the giant price jumps that happened later.
Schwartz Urges His Younger Self to Take More Risks
When asked what advice he would give to his younger self, the former executive said he would tell himself to take far more risk in the crypto market. He noted that every major bet he made worked out better than he expected, yet he still struggled to stay in the market for the long haul. Today, his wealth is still focused on the Ripple technology he helped create, as his remaining assets sit almost entirely in his coin holdings and company equity.
This strong belief from a top insider provides a solid foundation for the future value of the entire XRP network.
At the time of writing, XRP’s price is sitting at $1.4480.
