Despite this, he maintains a strong ambition to become a wise investor, intending to make more investments in the future.
Understandably rueful, David Schwartz, the Chief Technology Officer (CTO) of Ripple Labs Inc, sure held his breath when Judge Analisa Torres declared a favorable ruling about the legal status of Ripple’s XRP token. But the sudden turn of events helped reveal one of the CTO’s percieved missed investment opportunities. In a timely tweet, he pointed out his remorse of not seizing advantage of publicly traded cryptocurrency giant Coinbase’s stocks when its shares were briefly on a downhill trajectory.
It still posed great fear on the market luminaries weeks before XRP’s courtroom battle. Over the span of just five days from July 9 to July 14, Coinbase stoick fortunes drastically swinged into positive momentum with a stellar 29% surge. To Goldman and Smith fave MicroStrategy owning massive stocks of digital monies, an 18.95% benefit stood at heels on its five-day chart around the XRP heardings.
With the resulting effects of XRP a huge win for them coming under the SEC slams alleging of funding non-sanctioned digital assets, Coinbase, interestingly, saw their legal probabilities emboldened. But confident wannabe savvy investor Schwartz called for sensible actions for security and guided by old legal lessons in case of future investments. Here, overall, we saw Schwartz molding into the future of cryptocurrency, straddling risk and benefit in investments.
