- Ripple’s CTO David Schwartz said he sold 40K ETH at $1, shortly before the worth of the assets grew to over $100 million.
- He said his father made a similar decision after he sold his Apple stock, which increased five times after.
- Since its creation, Ethereum’s price has increased by 83644.79%, while Bitcoin has grown by 71084693.20%.
In a report not uncommon in the cryptocurrency space, Ripple’s Chief Technology Officer David Schwartz recently disclosed how an early sale of his Ethereum assets led to him missing out on over $100 million.
In the post shared on X, Schwartz tweeted that he “sold 40,000 ETH at about $1 to put solar panels on a house I no longer own.” Within a short while, the CTO stated that the 40K ETH grew to over $100 million in worth.
While drawing parallels between his action and his father’s, Schwartz stated that his father made a similar investment decision. As noted in the series of tweets, Schwartz said his father sold his Apple stock portfolio to fund the purchase and renovation of a new house.
Like the ETH, which saw a tremendous surge in value afte…
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