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24 October 2020

Regrets — Ripple’s CTO sold 40,000 Ether for just $1 each

Regrets — Ripple’s CTO sold 40,000 Ether for just $1 each


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Ripple’s Chief Technology Officer, David Schwartz, has revealed that he and his wife decided to make a “derisking plan” for their crypto investments in 2012 — resulting in eight-figures worth of missed profit at current prices.

In a series of tweets published on October 11, Schwartz revealed that he sold 40,000 Ether (ETH) for $1 each back then — a stash that would be worth more than $15.5 million at today’s prices.

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cointelegraph.com
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