In crypto markets, words often travel farther than charts. A single sentence, especially from a key industry figure, can echo across years, resurfacing at moments when sentiment, structure, and speculation collide. This is precisely how seemingly lighthearted remarks evolve into reference points that shape community narratives long after their original context fades.
Such is the case with a now-famous comment made by Ripple’s Chief Technology Officer, David Schwartz, in early 2023. At the time, the digital asset industry was navigating post-FTX uncertainty, regulatory pressure in the United States, and subdued price action across major tokens. Public confidence was fragile, and humor often served as a coping mechanism within crypto discourse.
Always remember " There's a grain of truth in every joke" 🤫 https://t.co/istsvgD0N5
— EGRAG CRYPTO (@egragcrypto) December 14, 2025
David Schwartz’s 2023 Post and Its Context
On February 4, 2023, David Schwartz posted on X, “I’m taking XRP private at $420. Funding secured.” The statement was widely recognized as satire, directly referencing Elon Musk’s 2018 tweet about taking Tesla private, which later resulted in SEC enforcement action.
Schwartz’s post was not a price prediction, corporate announcement, or roadmap disclosure. Instead, it was a deliberate joke, underscoring the absurdity of speculative extremes that often dominate crypto conversations.
Importantly, Ripple has never indicated any intention to take XRP “private,” nor would such a concept align with the decentralized nature of public blockchains. At the time, the XRP community largely interpreted the remark as humor, and it passed without market impact.
Egrag Crypto Revives the Quote
Recently, crypto market analyst Egrag Crypto resurfaced Schwartz’s old post, framing it through a reflective lens. Egrag Crypto, who shared the quote alongside a visual emphasizing its enduring relevance, reminded followers that “there’s a grain of truth in every joke.”
While the post did not claim that Schwartz’s words were prophetic, it reignited discussion around XRP’s long-term valuation potential and market structure.
We are on X, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) June 15, 2025
Egrag Crypto is widely followed for technical analysis and macro-cycle commentary on XRP. By revisiting the quote, the analyst highlighted how humor in crypto often emerges from deeply held beliefs about future adoption, liquidity, and institutional relevance—even when expressed playfully.
Separating Symbolism from Reality
Crucially, there is no verified evidence that Schwartz’s statement was anything more than satire. No filings, disclosures, or corporate actions support interpretations of insider signaling.
However, the renewed attention reflects a broader truth about XRP’s market narrative. As regulatory clarity has improved since the conclusion of the Ripple-SEC case in 2025, long-term valuation discussions have intensified, making past remarks feel newly symbolic to some investors.
The episode underscores how crypto culture blends irony, optimism, and speculation. Old jokes resurface not because they predict outcomes, but because they resonate with evolving market psychology.
Why the Quote Still Matters
Egrag Crypto’s commentary does not rewrite history, but it captures how narratives persist in decentralized communities. In crypto, even satire can become a mirror—reflecting collective expectations, frustrations, and ambitions as the market matures.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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