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- David Schwartz, the chief technical officer of the San Francisco-based blockchain company ripple has recently explained how much XRP he owns.
- Technically, because he owns such a mass sum, it makes him a whale in crypto terms.
Technically, because he owns such a mass sum, it makes him a whale in crypto terms.
As one of the original developers and designers of the token and XRP Ledger, David revealed that he would leave his job when the price of the token reaches $1.
David did not disclose the exact amount of the token that he owns however, he did say that it was less than 10 million and more than 1 million.
Let's just say more than 1 million and less than 10 million.— David Schwartz (@JoelKatz) November 24, 2020
As a result of his public tweet explaining his portfolio for the token, the community reacted and questioned why he had very little exposure to the token while other founders of the ledger such as Chris Larsen have billions of the token in their possession.
The token for the San Francisco company has been performing quite mildly over the course of this year. Not much has happened in 2020 for the token but who knows what the future will hold. Many believe that 2021 will be the year for XRP but only time will tell.
Earlier this year, David gave even more details on his cryptocurrency portfolio saying that he regretted dumping such huge amounts of bitcoin and ethereum for cheap at the time. However, he did explain that he did this as a part of a “derisking plan“ that he had contact with his wife.
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