David Schwartz dismisses $10,000 XRP and conspiracy claims

David Schwartz dismissed the $10,000 XRP price claim, arguing that market behavior and rational investor actions do not support such projections. He also rejected conspiracy theories and claims of Ripple secretly boosting XRP's price.

David Schwartz has publicly dismissed claims that XRP could reach $10,000, stating that such predictions lack support from current market behavior or conditions. He argued that if there were even a small chance of XRP reaching such a high price, rational and wealthy investors would have already driven the price much higher, possibly to $20 or more. Schwartz criticized the use of mathematical models to justify extreme price targets. He clarified that his previous comments about XRP liquidity were meant to explain transaction needs, not to serve as price predictions. He also rejected conspiracy theories involving secret government or central bank involvement with XRP, emphasizing that Ripple's non-disclosure agreements are standard business practice. Schwartz further stated that Ripple has no hidden mechanism to directly boost XRP's price, and years of transparent operation have weakened such claims. Overall, his remarks highlight skepticism toward extraordinary price projections and reinforce the view that the market reflects realistic expectations for XRP.