Ripple CTO emeritus David Schwartz says he has sold nearly all his crypto because of his low risk tolerance. His holdings have fallen from about 26 million XRP, 1,500 BTC and 40,000 ETH to roughly 3 million XRP, 1 BTC and 6 ETH.
Why it matters
The disclosure puts a prominent Ripple figure's personal risk appetite in focus. XRP remains the largest of the three positions by token count, although token counts alone do not establish their relative market value.
Market impact
Schwartz's stated reason for selling was his own low tolerance for risk. His remaining holdings include XRP, Bitcoin and Ether.
Frequently asked questions
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Why did David Schwartz sell his crypto holdings?
Schwartz said he sold nearly all his crypto because of his low risk tolerance.
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How much XRP does Schwartz say he still holds?
His XRP holdings fell from about 26 million to roughly 3 million.
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How did Schwartz's Bitcoin holdings change?
His Bitcoin holdings fell from about 1,500 BTC to roughly 1 BTC.
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How much Ether remains in Schwartz's holdings?
Schwartz's holdings fell from about 40,000 ETH to roughly 6 ETH.
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What is David Schwartz's connection to Ripple?
Schwartz is Ripple's CTO emeritus.
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