TLDR

David Schwartz confirmed that he sold his entire 40,000 Ethereum holdings when the price was $1.05.
He stated that he exited nearly all of his Bitcoin holdings before the price reached $7,500.
Schwartz explained that his decisions were based on personal financial safety rather than profit expectations.
He shared the information to stop ongoing speculation within the crypto community.
Schwartz reminded followers not to rely on investment advice shared on social media platforms.

David Schwartz, architect of the XRP Ledger (XRPL) and former Ripple CTO, has addressed past cryptocurrency trades that drew online criticism, confirming details about his Ethereum and Bitcoin sell-offs and dismissing speculation. He clarified that he sold 40,000 ETH at $1.05 and offloaded most of his Bitcoin before it hit $7,500. Schwartz made these disclosures in response to ongoing scrutiny and chatter from within the crypto community.

Ethereum Sale at $1.05 Sparks Reactions

David Schwartz revealed that he sold his entire Ethereum holdings when ETH traded at $1.05. He confirmed the figure in response to recurring questions across social media platforms that targeted his early exit. “Yes, 40,000 ETH at $1.05,” he said, shutting down speculation.

Keep in mind that none of my posts are intended as financial advice, not that anyone would want to take financial advice from someone who sold 40,000 ETH at $1.05 and 100 BTC at $750.

— David ‘JoelKatz’ Schwartz (@JoelKatz) February 1, 2026

This sale has long been used by critics to highlight missed profit opportunities. However, Schwartz explained that the decision was based on personal financial caution and risk management. Though he made the choice early, he did not express regret.

The ETH sale would have been worth millions at today’s prices. Despite that, Schwartz did not dwell on the potential gains lost. Instead, he focused on sharing transparency around a widely discussed trade.

Bitcoin Exit Before $7,500

Schwartz also addressed another topic, his early exit from Bitcoin investments. While he could not recall the exact breakdown, he said most of his Bitcoin was sold before the $7,500 level. “I think I sold nearly all before $1,000,” he stated.

This move came during a period of uncertainty in the crypto market. Schwartz explained that he made these choices based on financial safety for his family. He emphasized that avoiding risk outweighed the possibility of higher returns.

These disclosures came with a reminder to avoid relying on online investment opinions. Schwartz stressed that no decision should be taken just because others are doing it. He reinforced that crypto investments can be unpredictable.

David Schwartz Advises Caution on Online Investment Advice

David Schwartz shared that his intent was never to offer financial guidance. Instead, he wanted to clear misconceptions and present facts. “I’m not trying to impress anyone,” he added during his statements.

He referenced the current downturn, often called a crypto winter, as a reason for renewed interest in old trades. Many XRP holders have faced similar pressures during market drops. Schwartz stated that losses and gains are part of every journey.

In recent weeks, Schwartz has engaged the online community with puzzles and clues. These interactions, according to him, serve only to confuse conspiracy theorists. He stated they are meaningless and just for fun.

He urged followers not to interpret everything as part of a bigger financial strategy. Schwartz continues to be a vocal presence on social media, often responding to trending XRP topics. Despite market fluctuations, he remains active in discussions.

While he no longer works as CTO, Schwartz remains involved with Ripple technologies. His role now focuses more on system architecture and education. He avoids speculative conversations but answers questions when needed.

This recent confirmation addressed rumors circulating for years. It also reminded users that not all early crypto developers became wealthy. Timing the market, Schwartz suggested, is often harder than building it.

Despite the financial decisions made, Schwartz stands by them. He values safety and clarity over risky gain. His message remained consistent throughout.

The crypto community remains divided in response. Some admire the transparency, while others focus on the missed opportunities. Schwartz, however, appears unaffected by either reaction.

The post David Schwartz says he exited Bitcoin before it reached $7,500 appeared first on CoinCentral.

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Filed under: News - @ February 2, 2026 4:28 pm