Coin Edition -
- Crypto sleuth “Mr. Huber” on X claims Ripple repeatedly exchanged XRP for Bitcoin.
- Mr. Huber believes Ripple exchanges XRP for BTC to buy back later at a profit.
- While Ripple’s BTC ownership was contested, Mr. Huber claims it has no obligation to disclose BTC trades.
A crypto sleuth, popularly known as “Mr. Huber” on X, has argued that Ripple reportedly exchanged XRP for Bitcoin, particularly during periods of notable market growth for BTC while XRP experienced minimal movement.
Mr. Huber shared this opinion recently while revisiting a 2021 post from Ripple’s CTO, David Schwartz. In the post, Schwartz counseled crypto market participants to consider taking profit from their crypto positions to minimize risk exposures.
Mr. Huber resurfaced Schwartz’s remark, noting that based on factual records available to him, Ripple sold most of their XRP for BTC in their first few years of operation.
Lol ever considered the fact that Ripple has been involved in cryptocurrency since 2012 and that they sold most XRP for BTC the first few years? They might also be the ones pushing bitcoin up by buying Bitcoin with XRP first, to then sell Bitcoin at its peak to buy XRP, to raise… https://t.co/o58BQJaoED— Mr. Huber