Schwartz Calls Crypto 'Once-in-a-Generation' Wealth Chance Despite Cashing Out Most Holdings

Ripple CTO Emeritus David Schwartz stated on May 5, 2026, that crypto offers a 'once-in-a-generation' opportunity to get rich but revealed he has moved most personal wealth out of digital assets for stability, retaining over 1 million XRP. This follows his May 4 tweet revisiting the sale of 40,000 ETH at $1.05—bought at $0.311—saying he wouldn't have sold if seeing even a 1% chance of it reaching $2,368, after which it rallied to ~$12 soon and later thousands. He disclosed holdings under 2 ETH and under 1 BTC, with proceeds from the ETH sale funding solar panels. The commentary highlights early crypto risks and a cautious stance amid ongoing market discussion.