Ripple CTO invested $12,400 in ETH in the 2014 ICO because Vitalik invited him. He sold them for $40,000. It's current value is $117 million
The Ethereum ICO took place over 42 days in mid-2014. Early investors were able to acquire 2,000 ETH for 1 BTC, which at the time translated to roughly $0.30 per ETH
Ripple CTO David Schwartz participated in the Ethereum ICO and sent 20 BTC.
He received 40,000 ETH in 2015.
He sold them for a combined profit of $40,000 ($1 per ETH) two years later. He used the money to put solar panels on his house, which he no longer owns!
Recently, he revealed that Ethereum founder Vitalik Buterin was his friend, and he invited Schwartz to participate in the ICO.
The Ethereum ICO took place over 42 days in mid-2014. Early investors were able to acquire 2,000 ETH for 1 BTC, which at the time translated to roughly $0.30 per ETH.
His 40K ETH is worth $117 million at the current market price
Why did the first sentence refer to an inspirational story? His investment yielded a profit of 222.58%. He invested around $12,400 to turn it into $40,000 in two years. The rest is history. I hope you know the story about that Bitcoin pizza guy who sold 10,000 BTC for two pizzas.
