Ripple Insider Sold 2.5M XRP, But Still Thinks Its Price Could Flip Bitcoin

Ripple's David Schwartz sold 2.5 million XRP at a low price and paid $1.7 million in taxes on the transaction. Despite the sale, Schwartz said he still believes XRP's price could eventually flip Bitcoin. The disclosure is a personal insider sale rather than a change in Ripple's corporate holdings, so it is unlikely to shift XRP fundamentals on its own.