David Schwartz once sold 40,000 Ethereum tokens for $1.05 each. That trade 
netted him $42,000. Those same tokens are worth roughly $94 million today. 
Related Reading: Trump-Linked WLFI Files Major Defamation Lawsuit Against 
Billionaire Justin Sun A Pattern Of Early Exits It wasn&#8217;t a one-time call. 
Schwartz, the former chief technology officer of Ripple, also held more than 
1,000 Bitcoin at one point. He sold the bulk of it at $1,000 per coin, then 
cleared out most of what remained at $7,500. He now holds less than one BTC. 
His XRP story follows a similar arc — he sold most of his holdings when the 
token hit $0.10, having never believed it would climb to $0.25. Those 
disclosures have drawn scrutiny from corners of the XRP community, with some 
pointing to his early exits as evidence of poor judgment. The criticism 
sharpened recently when Schwartz publicly questioned whether XRP could ever 
reach $100 or $10,000 — price targets that many in the community treat as 
realistic. Everyone had the same opportunity to buy and sell XRP that I did. I 
did the same thing with bitcoin and ETH and nobody seems to have a problem 
with that. I utterly reject the idea that selling is somehow morally inferior 
to buying and have advocated that everyone sell when it&#8217;s… — David &#8216;JoelKatz&#8217; 
Schwartz (@JoelKatz) May 5, 2026 What Schwartz Actually Said His response came 
on X. He pushed back on the idea that selling an asset makes someone less 
committed or somehow at fault. According to Schwartz, every investor had the 
same chance to buy and sell XRP that he did. He also noted that he applied the 
same approach to Bitcoin and Ethereum, and that neither of those sales drew 
the same level of backlash. Schwartz went further, saying he has long believed 
that people should sell when it benefits them financially. Reports indicate he 
traced that view back to his early days in the Bitcoin community, where that 
principle was part of the culture that drew him in. One community member 
argued that builders have a duty to hold the tokens tied to their projects. 
Schwartz rejected that reasoning outright, calling it illogical. He did 
confirm, though, that he still holds more than 1 million XRP. Related Reading: 
Long-Dormant Bitcoin Whale Transfers 11,300 BTC, Sparking Market Speculation 
The $10,000 Question On the price debate, Schwartz offered a market-based 
argument. Based on reports from his recent posts, he said that if a group of 
wealthy investors truly believed XRP had even a 1% chance of hitting $10,000, 
they would have already piled in. That buying pressure, he argued, would have 
pushed the price to at least $20 by now. Some community members aren&#8217;t buying 
it. They point to his earlier skepticism about $0.25 — a level XRP has since 
surpassed — as a reason to question his current read on the asset&#8217;s ceiling. 
Schwartz has not walked back his position. Featured image from Bitpanda, chart 
from TradingView

David Schwartz Says Selling XRP Doesn’t Make Him The Villain

Crypto analyst Sherlock has revealed how a Bitcoin price crash to $63,000 
could play out. He highlighted key levels to watch and zones where traders 
should look to short BTC in preparation for this potential downtrend. Key 
Levels To Watch With Bitcoin Price Crash To $63,000 On The Cards In an X post, 
Sherlock told traders to look for a short setup around $80,000 if the Bitcoin 
price only takes the equal highs around this range and then gets rejected. 
However, he added that if BTC breaks above April’s high at $79,485 before May 
5, traders shouldn’t short immediately; instead, they should wait for breakout 
buyers to chase the pump. Related Reading: Bitcoin Closes 2 Green Monthly 
Candles: Here’s What Historical Data Says Is Coming Next The analyst further 
highlighted the $84,000 to $85,000 range as the ideal zone to short if the 
Bitcoin price reclaims the April high, as he expects a short squeeze to happen 
around that range. This suggests that BTC could still rally to around $85,000 
before a decline, since the leading crypto has successfully broken above the 
April high. Sherlock’s accompanying chart showed that a Bitcoin price crash to 
around $63,000 could happen within a month after BTC taps the $85,000 level. 
The analyst also explained why he is confident the leading crypto could still 
crash despite its current bullish momentum. He noted that since 2020, BTC has 
always recorded a red monthly candle in May whenever the price failed to break 
above April’s high in the first five days of May. However, this trend broke 
last year when the Bitcoin price surpassed April’s high on May 1 and then 
recorded another 16.9% rally to a local high of $111,980 by May 22. This is 
notably why BTC could still rally to around $85,000 before the crash occurs. 
BTC Looks Ready For More Upside Crypto analyst Michaël van de Poppe said in an 
X post that the Bitcoin price looks ready for more upside, with the potential 
to rally to as high as $93,000. He noted that BTC broke above $79,000, 
indicating a clearly upward trend, although intraday corrections are possible. 
The analyst alluded to flows into Bitcoin ETFs, with these funds recording 
over $1.6 billion in inflows since the start of this month. Related Reading: 
This Signal Has Predicted Every Bitcoin Bottom, Here’s What It’s Saying Now 
Van de Poppe also mentioned that there is a lot of interest in BTC at the 
moment, which is why he believes that the rotation from gold to Bitcoin is 
definitely taking place. He added that the current uptrend is unlikely to 
stall anytime soon, with the current construction. This is why he believes 
there is room for a rally between $86,000 and $88,000, and most likely between 
$91,000 and $93,000. At the time of writing, the Bitcoin price is trading at 
around $81,200, up in the last 24 hours, according to data from CoinMarketCap. 
Featured image from Pixabay, chart from Tradingview.com

Mapping The Bitcoin Price Crash To $63,000: Why BTC Must Reclaim This Level

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privacy […]

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dynamics.
The post Morgan Stanley debuts ultra-cheap crypto trading to challenge 
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David Schwartz Says Selling XRP Doesn’t Make Him The Villain

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