David Schwartz said that he would not have sold ETH at $1.05 if he had believed there was even a 1% chance it would reach $2,368. The comment reopened one of the Ripple veteran’s most striking early Ethereum decisions.
If I had thought there was a 1% chance of it hitting $2,368, I would not have sold it for $1.05. I'm still not sure the odds of that happening really were more than 1% at the time.
— David 'JoelKatz' Schwartz (@JoelKatz) May 4, 2026
The discussion matters because Schwartz previously sold 40,000 ETH after buying at $0.311, using the proceeds from the $1.05 sale to buy solar panels. He said the odds of ETH reaching $2,368 did not seem meaningfully present at the time, a reminder of how early crypto pricing decisions were made with little precedent.
The next point to watch is whether Schwartz continues unpacking old portfolio decisions in public. For now, the exchange reads less like regret than a candid look at how improbable Ethereum’s long-term upside once appeared, even to early market participants.
Source: David Schwartz on X.
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