David Schwartz rejects XRP price promise claim and denies Ripple holds a “magic switch”
David Schwartz rejects XRP price promise claim and denies Ripple holds a “magic switch”
The 2017 post stated XRP could not be dirt cheap if it handled large global transaction volumes, but Schwartz said the comment was about how liquidity needs and transaction value relate.Schwartz said he considered deleting the post but decided against it, saying removing it would create more confusion rather than less, and that it continues to be taken out of context years after it was written.On May 1, Schwartz separately dismissed the idea that Ripple retains a hidden tool to spike XRP’s value, saying that argument was once barely plausible but is now impossible to sustain given how much time has passed.