In a tale as twisty as a chocolate factory, Ripple’s ex-CTO David Schwartz confessed that XRP turned him into a millionaire faster than a magic bean could grow.
Once upon a time, Schwartz crafted the XRP Ledger, then decided to retire from his role as CTO, because who needs a job when you can just accidentally amass a fortune? He spilled the beans on X after a fan asked, “Which token paid you the most?”
XRP Outperformed Bitcoin and Ethereum for Schwartz
Oh, the drama! Schwartz once held 26 million XRP, a pile of digital gold that made his pockets jingle. He also owned 1,000 Bitcoin and 40,000 Ethereum, but let’s be honest, those were just experiments. He’s since sold them all, like a kid tossing candies into a river.
Despite his efforts to diversify, XRP’s rise to $3.65 in 2025 was a fairy tale. Now it’s trading at $1.46, but hey, it’s still fourth in line for the throne of crypto kings.
That XRP stash? A multi-million-dollar windfall, like finding a pot of gold in your backyard. Schwartz’s early stake survived years of selling, which is like trying to eat a cake but only taking one bite.
XRP by far.
– David ‘JoelKatz’ Schwartz (@JoelKatz) May 12, 2026
Sold Ethereum at $1.05 and Bitcoin Too Early
Oh, the tragedy! Schwartz sold Ethereum at $1.05, a price so low it’s like throwing money into a black hole. Since then, ETH has soared, leaving him with a face like a deflated balloon.
His Bitcoin? He cut it from 1,000 coins to less than one, before Bitcoin hit six figures. It’s like buying a ticket to a concert and then leaving before the band plays.
His strategy? A risk-averse dance, where he prefers to lock in gains like a squirrel hoarding nuts, even if it means missing out on bigger adventures.
A Self-Aware Paradox on Risk
Schwartz admits he’s a walking paradox. Every crypto bet he made turned out better than expected, yet he still shies away from risk like it’s a spider in his soup.
Asked what he’d tell his younger self, he said, “Take more risks!” But his younger self, clearly a stubborn child, would’ve ignored him. Classic.
Now, his portfolio is a cozy nest of XRP and Ripple equity, which is like having a golden goose and a backup plan. Whether long-term holders are brave enough to follow his lead remains to be seen-probably not, because who wants to be a hero?
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2026-05-12 13:25