David Schwartz bought 2.5 million XRP in 2025, however the Ripple veteran isn’t giving up on the coin at this value. The previous CTO lately revealed a $1.7 million capital features tax invoice whereas defending himself towards accusations of dumping. His newest feedback additionally revived an bold XRP Worth debate about whether or not the token may finally overtake Bitcoin.
The $1.7 million I paid in capital features tax says in any other case.
— David 'JoelKatz' Schwartz (@JoelKatz) November 9, 2026
Schwartz confirmed the sale after critics questioned his dedication to XRP. He mentioned practically all of the tokens got here from bonuses obtained for his work in 2020 and 2023. Somewhat than quietly dismissing the accusations, he shared proof of the taxes paid on these transactions.
However promoting tens of millions of tokens hasn’t stopped Schwartz from entertaining a fair stronger chance. Throughout an X Areas dialogue, he agreed that XRP may finally surpass Bitcoin in market cap.
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David Schwartz’s XRP Gross sales Began Years Earlier than The Coin Broke $1 Worth Stage
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Schwartz’s promoting historical past stretches a lot additional again than the 2025 transactions. The XRP Ledger co-creator beforehand revealed that his holdings peaked at 26 million XRP.
By August 2026, that stability had fallen to round 2 million tokens. He acknowledged promoting most of his holdings, though some additionally went towards items and transfers. That represents a considerable discount from his earlier place.
His earliest gross sales started when XRP traded round $0.10. Schwartz admitted he by no means anticipated the coin to interrupt $0.25. He additionally regretted promoting 40,000 ETH for simply $1.05 apiece.
The developer defined that he dislikes taking extreme monetary dangers. He and his spouse adopted a technique of promoting parts at any time when their investments reached new all-time highs. The strategy helped them scale back publicity and sleep higher at evening.
That technique explains why Schwartz may promote tens of millions of XRP with out essentially abandoning its long-term potential. He has additionally disclosed that a lot of his remaining monetary publicity shifted towards Ripple fairness.
His September feedback provide one other essential clue about his conviction. Requested whether or not XRP may finally overtake Bitcoin, Schwartz answered affirmatively. He clarified that XRP would wish to develop sooner slightly than Bitcoin essentially shedding worth.
He described the result as in all probability extra possible than not, though he supplied no timeline. Schwartz additionally stopped wanting offering a particular XRP Worth goal.
For perspective, September’s market-cap comparability put XRP close to $90 billion and Bitcoin round $1.57 trillion. XRP would have wanted roughly $25 to match Bitcoin’s valuation at these market ranges. That calculation is illustrative.
Bitcoin’s Decentralization Argument Opens One other Door for Crypto Buyers
Bitcoin’s place as crypto’s main asset comes from one thing deeper than its market capitalization. Satoshi Nakamoto launched Bitcoin in October 2008 as a peer-to-peer digital money system.
The unique whitepaper challenged the necessity for monetary establishments to regulate digital funds. Banks and central authorities had turn into trusted intermediaries, regardless of their potential to freeze accounts and affect financial provide.
Bitcoin supplied a special association by cryptographic verification and a distributed community. Its creator even embedded a newspaper headline about financial institution bailouts into the January 2009 genesis block.
That message stays central to Bitcoin’s enchantment. Buyers more and more view BTC as an alternative choice to conventional financial programs, the place governments can develop cash provides and monetary establishments management entry.
XRP approaches the issue in another way. The XRP Ledger makes use of a validator-based consensus mechanism, whereas Ripple stays a significant business pressure behind its ecosystem. Its cost infrastructure prioritizes transaction velocity and institutional settlement.
Bitcoin’s permissionless financial basis gives a special proposition. This hole additionally explains curiosity in tasks trying to develop Bitcoin’s performance with out changing its underlying community.
Uncover: The Crypto Presales This This fall 2026
Bitcoin Layer-2 To Break the Web Subsequent?
Bitcoin Hyper ($HYPER) is growing a Bitcoin Layer 2 utilizing the Solana Digital Machine. Its proposed structure combines sooner transactions, decentralized purposes, staking, and DeFi performance with settlement commitments to Bitcoin’s Layer 1.
The venture is a bridge that verifies Bitcoin block headers and transaction proofs earlier than representing BTC on its Layer 2. It additionally plans to make use of zero-knowledge proofs to validate transactions and periodically commit community state to Bitcoin.
The presale has lately raised greater than $33.2 million raised, with a token value of $0.0136 and staking rewards of 35%. Its growth updates additionally establish November 26 as an essential milestone, giving potential members a restricted window earlier than the subsequent introduced stage.
That timeline provides urgency to the growing Bitcoin Layer 2 narrative. Evaluating XRP with Bitcoin-based options, the hole is more and more essential. XRP gives a longtime funds community, whereas Bitcoin represents a financial system designed round independence from centralized monetary intermediaries.
Schwartz might have bought tens of millions of XRP to scale back private danger. But his willingness to entertain a future the place XRP overtakes Bitcoin exhibits that he hasn’t dismissed its potential.
Whether or not that imaginative and prescient turns into actuality will rely upon adoption, liquidity, and precise community utilization. For now, the XRP Worth debate has one other unlikely participant: one of many individuals who helped construct the ledger.
Achieve Entry to New Bitcoin Layer 2 Early Earlier than the Presale Window Ends In 2 Weeks
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