<div class="watcher-guru"> 
 <p>In a recent post on X (formerly Twitter), Ripple CTO (Chief Technology Officer) Jacob Schwartz revealed that his father purchased over a million XRP in 2014 from Justcoin, a crypto exchange. Back then, the token was trading at around $0.005. Schwartz’s post was a response to a question revolving around the lowest amount paid by users to acquire a single token. </p> 
 <p>Since Schwartz’s father purchase about one million tokens at $0.005, the initial investment would have been around $5000. Since 2014, XRP has risen by about 10,120%. Moreover, the million tokens today are worth around $511,000. </p> 
 <p><strong>Also Read: XRP Forecasted To Rise 1,100%, Reach New ATH of $5.85: Here’s When</strong></p> 
 <div class="quads-location quads-ad33739 " id="quads-ad33739" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="publift-ad add"> 
   <div data-fuse="22560828227"></div> 
  </div> 
 </div> 
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
  <div class="wp-block-embed__wrapper"> 
   <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
    <p lang="en" dir="ltr">My father bought over a million XRP in April of 2014 from Justcoin at about a half penny per XRP.</p>— David "JoelKatz" Schwartz (@JoelKatz) October 3, 2023 
   </blockquote> 
  </div> 
 </figure> 
 <p>At its peak in January 2018, the one million tokens would have been worth around $3.4 million. This would translate to a growth of around 67,900%. Schwartz did not reveal if his father made profits at the token’s peak, or if he decided to sell. Given that his son is the CTO at Ripple, there is a chance that the investor decided to hold on. </p> 
 <h3 class="wp-block-heading" id="h-can-you-still-be-a-millionaire-with-xrp">Can you still be a millionaire with XRP?</h3> 
 <figure class="wp-block-image size-large"> 
  <img decoding="async" width="1024" height="512" src="https://cdn.thebittimes.com/images/2023/10/03/d65de4129c90e5e9f829a8f665a0d82a.webp" alt="xrp ripple" class="wp-image-110652" srcset="https://cdn.thebittimes.com/images/2023/10/03/d65de4129c90e5e9f829a8f665a0d82a.webp 1024w, https://cdn.thebittimes.com/images/2023/10/03/d65de4129c90e5e9f829a8f665a0d82a.webp 300w, https://cdn.thebittimes.com/images/2023/10/03/d65de4129c90e5e9f829a8f665a0d82a.webp 768w, https://cdn.thebittimes.com/images/2023/10/03/d65de4129c90e5e9f829a8f665a0d82a.webp 380w, https://cdn.thebittimes.com/images/2023/10/03/d65de4129c90e5e9f829a8f665a0d82a.webp 550w, https://cdn.thebittimes.com/images/2023/10/03/d65de4129c90e5e9f829a8f665a0d82a.webp 800w, https://cdn.thebittimes.com/images/2023/10/03/d65de4129c90e5e9f829a8f665a0d82a.webp 1140w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: Twitter 
  </figcaption> 
 </figure> 
 <div class="quads-location quads-ad15192 " id="quads-ad15192" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div id="primisContainer" class="add"></div> 
 </div> 
 <p>XRP saw a massive boom after a US court decided that it was not a security in the SEC v. Ripple lawsuit. The partial victory for Ripple was a milestone for the crypto community. </p> 
 <p>Earlier in September, crypto analyst Sharon Throp predicted that the token could go upwards of $500 in the future. According to Throp, the value of cross-border payments might reach $250 trillion by 2027. She also believes that increasing the liquidity of the token could turn it into a seamless cross-border payment currency. </p> 
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
  <div class="wp-block-embed__wrapper"> 
   <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
    <p lang="en" dir="ltr">From the 2023 New Value Report by #Ripple<br><br>$250T is expected by 2027 just in cross-border payments! <br><br>A $500 XRP price just doesn't seem like enough to facilitate that amount. 😉 $<a rel="noopener noreferrer nofollow" title="xrp" href="https://thebittimes.com/tag/xrp.html">xrp</a> #<a rel="noopener noreferrer nofollow" title="xrp" href="https://thebittimes.com/tag/xrp.html">xrp</a>isnotasecurity pic.twitter.com/HvIIp0vIiD</p>— Shannon Thorp (@thorpshannon87) September 11, 2023 
   </blockquote> 
  </div> 
 </figure> 
 <p><strong>Also Read: XRP: Japanese Study Finds Relation in Price and Transactions</strong></p> 
 <div class="quads-location quads-ad33742 " id="quads-ad33742" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="publift-ad add"> 
   <div data-fuse="22560828233"></div> 
  </div> 
 </div> 
 <p>If XRP does reach $500, it would translate to a growth of about <strong>&nbsp;</strong>97,747.36%. To be a millionaire with the token trading at $500, an investor would need about 2000 tokens. The price of 2000 tokens at current rates is about $1022. At press time, XRP was trading at $0.511, down by 2.4% in the last 24 hours. </p> 
</div> 
<div class="cs-entry__tags"> 
 <ul> 
  <li>xrp</li> 
 </ul> 
</div> 
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/xrp-trader-invested-at-0-005-in-2014-here-s-its-worth-now-tbt64921.html">https://thebittimes.com/xrp-trader-invested-at-0-005-in-2014-here-s-its-worth-now-tbt64921.html</a></p>

XRP Trader Invested at $0.005 in 2014, Here's Its Worth Now

Table of Contents

TheBitTimes

Other articles published on Oct 3, 2023

Zookal Unveils Cutting-Edge Exam Preparation Program

Bitcoin: Bloomberg Strategist Says BTC Could Fall to $10,000

Can Bitcoin Reach $145,000? Renowned Analyst Explains!

XRP Liquidations and Lagging Price Cast Doubt on Overhyped Rally

Validation Cloud Achieves SOC 2, Bringing Enterprise-Grade Infrastructure To Web3

Vitalik Buterin and Solana's Anatoly Yakovenko Clash With Each Other

Join our free newsletter for daily crypto updates!