David Schwartz, Ripple Chief Technology Officer (CTO), shared his regret for an investment decision in the past in his social media platform X. Schwartz said that one of the biggest mistakes in his crypto career was to sell 40,000 ETH for $ 1.05.

Participation in the early stages of Ethereum

Schwartz bought 40,000 ETH in Ethereum’s pre -ICO period. The founder of Ethereum, Vitalik Butter, invited Schwartz to participate in the project and Ripple CTO made a big ETH investment by spending 20 BTC to support the project.

At that time, the future of Ethereum was unclear, and many investors made early sales because ETH could not foresee the long -term value. However, Schwartz said that it could be a great opportunity to keep this investment in the long run.

40,000 ETH’s departure: Investing in solar panels

Schwartz announced that he sold $ 40,000 when the price reached $ 1 and used this money to buy solar panels in a house. The interesting thing is that the house does not belong to him right now.

If Schwartz had held these ETHs, he would have had a reserve of exceeding $ 100 million. The crypto community made various comments on social media on this great loss of opportunity and drew attention to the profit of Ripple CTO.

Crypto assets and investment strategy of Ripple CTO

Schwartz announced in the past that he sold some of Bitcoin assets and received XRP and Ethereum with the income he earned from these sales. However, instead of turning to other digital assets, he said he preferred to intensify his portfolio in certain crypto currencies.

In addition, Schwartz made statements about the amount of XRP in his hand. He said he had the highest level, about 26 million XRP. However, XRP said it did not receive other crypto currencies instead of assets, but only sales in small amounts.

Ripple CEO also shared his crypto portfolio

Ripple CEO Brad Garlinghouse announced in a sharing in January and announced his crypto assets. Garlinghouse’s portfolio has a few different beings as well as XRP, BTC and ETH.

Garlinghouse said he thinks the crypto ecosystem will have a very chained future. In the crypto market, each asset should have the chance to grow in a competitive environment.