Sign Up on MEXC
Highlights
- Rippel CTO David Joel Katz Schwartz enters a growing debate on Strategy, suggesting that a critic has been forced to share different opinions.
- Schwartz adds that the company shouldn’t be intimidating people and also comments on Strategy’s aggressive Bitcoin exposure.
- He leaves cautionary advice that the MicroStrategy buy could turn bad if Bitcoin pulls back.
Ripple CTO, David JoelKatz Schwartz, has now become a part of a new controversy, including Strategy (previously called MicroStrategy) and Bitcoin. A debate has already been taking shape, where a few community members, including Nick O’Neill, have been taking shots at Michael Saylor’s company, but new updates made the Schwartz comment, which looks like a warning to many.
Ripple CTO Joins Strategy Debate
Ripple CTO David JoelKatz Schwartz’s involvement in the Strategy debate comes tertiary, as it all began with Nick O’Neill, the Co-Founder & CEO of BoDoggosENT. Pseudonymous crypto investor ‘The Digital Asset Investor’ highlighted that O’Neill has been creating critical videos about the Michael Sayor firm for days, but has now shocked everyone with a new video in which he is defending the company.
His serious facial expression, reading a script, and talking contrary to a previous statement have resulted in many speculating that he has been hit with a lawsuit. Digital Asset Investor summed up the sentiment in a post:
So this guy has obviously been threatened with a lawsuit…This was just one guy over a day or two taking shots at Microstrategy, and they shut him down.
- Source: X, Digital Asset Investor
Others commented that “blink twice if you need help, while others added that ‘he has lost all the credibility he had.’ Notably, Schwartz also added his opinions, which also look like a warning.
Ripple CTO Calls The New Statement ‘Not Genuine’
Notably, the Ripple CTO also jumped on the thread, suggesting that the video does not seem genuine. He even added that the individual does not look happy, making the statement, and his original video truly reflected his opinions.
We’re all smart enough to realize that he was probably coerced into making that statement, and his original videos reflect his true opinions of Microstrategy, which we are free to agree with or think are nonsense as we please. I’m sure he wasn’t happy making that statement.
While adding his belief on that, he also pointed out the importance of words coming out of someone’s mouth and their potential worth. Notably, David JoelKatz Schwartz also clarified that he does not agree with O’Neill’s previous criticism of Strategy; he still defends his right to express, adding that companies shouldn’t threaten people from sharing their opinions.
- Source, X, Ripple CTO Thread
Holding Microstrategy Won’t Turn Out Well If
In this series of tweets, one hit the users the most, as David ‘JoelKatz’ Schwartz also talked about Strategy’s Bitcoin buying strategy. After recent 430 BTC buys, Michael Saylor’s company holds 629,376 tokens. Some appreciate these approaches while others criticize, even adding that the company’s stock is a leveraged Bitcoin play, which Ripple CTO also agrees to some extent.
He adds that it’s not controversial thinking that holding MicroStrategy (stock) won’t turn out well if Bitcoin collapses.
I don’t think it’s controversial that holding Microstrategy won’t turn out well if Bitcoin trends downward and that it’s generally like a leveraged long type position.
- Source: X, David JoelKatz Schwartz Post
This does sound true, as the Bitcoin price rally has pumped the MSTR stock’s valuation pretty high. As a result, as long as BTC rallies, holding the stock looks visionary; however, there’s also downside risk, with the token’s downtrend.
Even at present, BTC is collapsing from the ATH of $124.4k, and the impact is visible on Strategy, as the MSTR stock price has collapsed 10% over the week, currently at $363.60.
Frequently Asked Questions (FAQs)
1. What controversy has Ripple's CTO fueled?
2. What’s the Schwartz warning about MicroStrategy?
3. What’s his take on O’Neill’s previous claims?
- Bitcoin, Crypto Market Rise as Court Halts Trump’s Bid to Oust Fed Gov Lisa Cook
- Grayscale Files Registration Statements for Litecoin, Hedera, and Bitcoin Cash ETFs
- SEC Delays Decision on Bitwise Dogecoin ETF Ahead First DOGE ETF Launch
- Metaplanet Upsizes Capital Raise To $1.4 Billion To Buy More Bitcoin
- Eric Trump Removed From WLFI Treasury Firm Alt5 Sigma’s Board
- Meme Coin Price Prediction: Shiba Inu, Pepe Coin, Dogecoin, TRUMP
- HYPE Price Eye $88 the Next as Lion Group’s Treasury Shifts to Hyperliquid
- Ripple Ecosystem Growth Meets Technical Strength—Is XRP Price on the Verge of $10?
- Cardano Price Prediction as Sept Fed 50bps Cut Odds Surge – Is $1.65 Next?
- Chainlink Price Prediction: Analyst Sees 48% Rally as Grayscale ETF Filing Ignites Hype
