Ripple CTO Emeritus David Schwartz reveals sell-off of nearly all crypto holdings
Ripple CTO Emeritus David Schwartz disclosed that he has sold nearly all of his cryptocurrency holdings, significantly cutting his XRP, Bitcoin, and Ethereum positions due to a low tolerance for financial risk.
David Schwartz, Ripple CTO Emeritus and co-architect of the XRP Ledger, disclosed that he has sold nearly all the digital assets he once held, citing an aversion to financial risk. Schwartz explained that he is very uncomfortable with risk and really hates it, noting that he lacks the personal disposition to navigate heavy market volatility, according to reports from Cointelegraph, The Block, and Wu Blockchain.[7][3][6][5]
The liquidations dramatically reduced his major cryptocurrency positions. Schwartz revealed that his XRP holdings dropped from a high of around 26 million XRP down to approximately 3 million XRP, while his Bitcoin reserves fell from around 1,500 BTC to just 1 BTC. In addition, his Ethereum stash was cut from roughly 40,000 ETH down to 6 ETH. Schwartz also noted that he has not purchased XRP in a long time.[2][3][1][4]
According to Crypto Banter, Schwartz said he had an agreement with his wife to sell at every new all-time high. Despite shedding the bulk of his crypto portfolio, he still maintains shares of Ripple stock, which he noted alone carries more risk than he prefers.[5]
Key facts
- Ripple CTO Emeritus David Schwartz sold nearly all of his cryptocurrency holdings because of his low risk tolerance.
- Schwartz reduced his XRP holdings from a peak of around 26 million XRP to approximately 3 million XRP.
- His Bitcoin balance fell from around 1,500 BTC to 1 BTC.
- His Ethereum holdings decreased from roughly 40,000 ETH to 6 ETH.
- Schwartz stated that he has not bought XRP in a long time.
- Schwartz agreed with his wife to sell at each new all-time high and still holds Ripple stock, which he noted represents more risk than he wants.
Sources · 7 sources
- BS
BSCN@BSCNewsPost on X ·
David Schwartz Confirms a Major Sell-Off of His XRP Ripple (@Ripple) CTO Emeritus, David Schwartz (@JoelKatz) says he has sold nearly all the digital assets he once held. The Ripple CTO Emeritus cited his low tolerance for financial risk. His $XRP (@XRP) holdings fell from around 26 million to roughly 3 million. His Bitcoin stash dropped from 1,500 $BTC to just 1 BTC. He also went from 40,000 $ETH to only 6 ETH. Schwartz says he has not bought XRP in a long time.
Open source - TW
The Wolf Of All Streets@scottmelkerPost on X ·
RIPPLE CTO EMERITUS DAVID SCHWARTZ: "I THINK I'M DOWN FROM A HIGH OF AROUND 26 MILLION XRP TO AROUND 3 MILLION XRP. DOWN FROM AROUND 1,500 BTC TO 1 BTC" https://t.co/XwCfVMPX5s
Open source - TB
The Block@TheBlockCoPost on X ·
THE BLOCK: Ripple's former CTO David Schwartz said he has sold "nearly all of" his digital asset holdings and that he has not bought XRP in a long time, because he is "very uncomfortable" with risk. His holdings have gone from around 26 million XRP, 1,500 BTC, and 40,000 ETH to 3 million XRP, 1 BTC, and 6 ETH. $XRP $BTC $ETH
Open source - CN
crypto.news@cryptodotnewsPost on X ·
JUST IN: Ripple CTO Emeritus David Schwartz reveals he has sold most of his $XRP, $BTC and $ETH Schwartz has reduced his XRP balance from 26 million to about 3 million, and reduced his Bitcoin holdings from 1,500 BTC to one and Ethereum from 40,000 ETH to six. https://t.co/DEXtfNhzto
Open source - CB
Crypto Banter@crypto_banterPost on X ·
🚨FORMER RIPPLE CTO DAVID SCHWARTZ SOLD MOST OF HIS CRYPTO! @JoelKatz, @Ripple CTO Emeritus and XRP Ledger co-architect, said he has sold nearly all the digital assets he has ever held because he is very uncomfortable with risk. His holdings are down from a high of around 26 million ripple:native to about 3 million, from around 1,500 $BTC to 1 $BTC, and from around 40,000 $ETH to 6 $ETH. He said he agreed with his wife to sell at every new all-time high and still holds Ripple stock, which alone is more risk than he wants.
Open source - WB
Wu Blockchain@WuBlockchainPost on X ·
Former Ripple CTO Discloses Selling Most Crypto Holdings Due to Extreme Risk Aversion Former Ripple Chief Technology Officer David Schwartz revealed that he has sold off the vast majority of his crypto portfolio due to an extreme aversion to risk, trimming his peak holdings from roughly 26 million XRP down to 3 million XRP, from around 1,500 BTC to just 1 BTC, and from 40,000 ETH down to 6 ETH. Schwartz adding that he "really, really hates risk" and simply does not have the personal disposition to tolerate heavy market volatility.
Open source - CO
Cointelegraph@CointelegraphPost on X ·
⚡️ NOW: Ripple CTO Emeritus David Schwartz says he has sold nearly all his crypto due to his low risk tolerance. His holdings are down from about 26M XRP, 1,500 BTC and 40,000 ETH to roughly 3M XRP, 1 BTC and 6 ETH. https://t.co/ubfZepNt6w
Open source