David Schwartz Hasn’t Bought XRP in Years: And His Latest Comments Sparked a Firestorm
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Ripple CTO David Schwartz said he has not purchased XRP in years, comments that reignited debate over the token's investment case and Ripple's business model. The remarks drew scrutiny of adoption claims and expectations tied to XRP, though the article did not specify a price, market cap or volume figure. Schwartz's disclosure matters because it questions whether insiders treat XRP as an investment asset or primarily as a utility token for Ripple's payments business. Watch for further comments from Ripple executives and any response from XRP holders and market participants.
Muhabbit's AI wrote this summary in its own words from CryptoPotato's report. It can get details wrong, so check the source.
Named in this story
David Schwartz, XRP (XRP), Ripple (XRP)
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