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David Schwartz: investors do not believe enough in a high XRP price
Ripple’s Chief Technology Officer David Schwartz shared his thoughts on the future prices of cryptocurrencies, especially XRP.
Not being a fan of making loud statements, as Schwartz wrote, he reminded his followers that markets have surprised people before. For example, he once considered it unlikely that XRP would trade at $0.25, but it happened.
He also added that if many rational investors truly believed there was at least a 10% probability that XRP could reach $100 within a few years, they would not be selling the token today for less than $10. They would be buying so aggressively that the available supply would quickly be exhausted.
The fact that XRP is still trading significantly below $10 shows that most investors do not believe in such a price strongly enough to commit real money to the token.
However, he himself is not much different from those members of the crypto community who did not believe in XRP strongly enough.
“It’s not like anyone would want financial advice from someone who sold 40,000 ETH at $1.05 and 100 BTC at $750,” David Schwartz joked.
This is quite a valuable opinion during a period of cryptocurrency price correction.
See also: "Analyst: the last entry point before Bitcoin’s sovereign shift"
