Ripple Execs Underestimated XRP's Potential, Admits Former CTO

David Schwartz, former CTO of Ripple, has made some surprising admissions in a recent online discussion. When asked about the company's early days and their expectations for XRP, Schwartz revealed that he and other executives had underestimated the potential of the token. According to him, no one at Ripple truly believed that they could hold onto so much of the XRP supply and eventually make billions from selling it.

Schwartz also shared his personal thoughts on the value of Bitcoin in 2012, when it was trading at $2. He estimated the odds of Bitcoin hitting $100 at just 10%, showing that even prominent figures in the crypto space were skeptical about its potential. This sentiment is echoed in his comments about XRP's price floor, where he noted that a drop to the $0.25 to $0.31 range would be unlikely but not impossible.