Ripple CTO: ‘Some Good News’ Amid Cramer’s Market Crash Predictions

David Schwartz, CTO of Ripple Labs Inc., has commented on CNBC broadcaster Jim Cramer’s prediction of a market crash reminiscent of 1987. While the global sell-off has shaved over $5 trillion from the S&P 500 in just two days, creating uncertainty, Schwartz found humor and optimism in this. His reasoning? Cramer’s notorious history of making accurate predictions only to see them reversed, a trend that appears to play out regularly with Bitcoin and other cryptocurrencies.