From Investing.com: 2024-06-23 15:00:26

Ripple CTO David Schwartz shared insights on his crypto holding and selling strategies, mentioning he sold Bitcoin as needed for real-world expenses like taxes and computers. He highlighted how early Bitcoin investors liquidated holdings during the first bull run, impacting the acceptance of Bitcoin as payment by companies. Schwartz sparked a debate on being “long” on Bitcoin based on selling behavior and holdings. He clarified that constantly selling reflects an exit strategy rather than being “long.” Schwartz disclosed selling some Bitcoin in the past and owning approximately 26 million XRP at its peak.

Read more at Investing.com: Ripple CTO Clarifies Unexpected Bitcoin Post: Details By U.Today