Satoshi Nakamoto remains a topic of discussion in the crypto community, where new theories about his real identity and holdings surface every day. Today, a crypto enthusiast has shared a 2023 court deposition, including Ripple CTO’s statement, suggesting that Nakamoto may have held XRP. Now, the community’s response is divided; some show optimism on the dominance of the Ripple token, while others remain in confusion.
Ripple CTO Suggests Satoshi Nakamoto May Have Held XRP
Crypto enthusiast XrpHodL_ in an X post alleged that Ripple CTO David Schwartz suggested that Satoshi Nakamoto may have held a good amount of XRP in 2017. The deposition comes from the 2023 Ripple vs SEC lawsuit deposition, where Schwartz reportedly stated:
“So Toshi, the original Bitcoin creator, probably held an enormous amount of XRP at the time.”
The remake was made as the court questioned him about XRP’s similarity to Bitcoin and Ripple’s control over the ecosystem. In an attempt to answer the question, this remake was made. However, today, the same has become the topic of discussion.
Why Satoshi Nakamoto Probably Did Not Hold XRP?
The Bitcoin creator disappeared from the internet and the crypto space between 2010 and 2011. No trace of his activity or even his crypto wallet movement was noticed since then, which proved this speculation false. It is because Ripple’s token was launched in 2012, long after Satoshi’s disappearance.
Since there is no evidence of his interaction with XRP, the odds are higher that this remark is invalid. Between these events, some even speculated that Schwartz is the Bitcoin founder, or how else would he know? However, Schwartz has officially denied such speculations.
Besides, the statement appeared to be a technical question asked in a courtroom and is not relevant to Nakamoto’s holding. Instead, it’s about the difference between the two assets. So, David Schwartz’s topic is off-topic and considered possibly sarcastic or even misinterpreted.
Even he used the term “probably,” implying conjecture, not certainty. Such terms in legal testimonies are not considered as evidence or fact; rather, they are considered personal beliefs.
Due to the missing credible evidence and mismatched timelines of events, it can be said that the Ripple CTO’s statement contains errors in some or all contexts.
Frequently Asked Questions (FAQs)
In a court deposition, Ripple CTO reportedly said that Satoshi may have had a huge XRP stash.
David Schwartz has denied this speculation and claimed that he’s not Satoshi.
Logically and factually, this is not possible, as he disappeared before XRP’s launch, and there’s no on-chain data to support it.
Pooja Khardia
Pooja Khardia is a seasoned crypto content writer with 6+ years of experience in writing, including in blockchain, cryptocurrency, DeFi, and digital finance reporting. In her adventure journey, she is currently working with CoinGape Media and leading their Trending Section.
Here, she uses her expertise to deliver analytics, market insights, price predictions, and information on what’s trending in the crypto space, aiming to keep the crypto and web3 community updated with market trends and important insights.
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