WuBlockchain
David Schwartz, identified as a former Ripple chief technology officer, says he has sold the vast majority of his crypto portfolio because he has an extreme aversion to risk. His holdings fell from a peak of roughly 26 million XRP to 3 million XRP, from around 1,500 BTC to 1 BTC, and from 40,000 ETH to 6 ETH.
Why it matters
Schwartz said he “really, really hates risk” and lacks the personal disposition to tolerate heavy market volatility. His explanation frames the sales as a personal risk-management decision rather than a statement about the outlook for any particular asset.
Market impact
The disclosure spans three major cryptocurrencies, but Schwartz described changes from peak holdings rather than a single transaction. The figures show the scale of his portfolio reduction, not when the sales occurred or their effect on prices.
Frequently asked questions
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Why did David Schwartz sell most of his crypto holdings?
Schwartz said he has an extreme aversion to risk and does not have the personal disposition to tolerate heavy market volatility.
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How much XRP does Schwartz say he still holds?
Schwartz said his XRP holdings fell from a peak of roughly 26 million to 3 million.
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How much Bitcoin and Ether does Schwartz have left?
He said his holdings declined from around 1,500 BTC to 1 BTC and from 40,000 ETH to 6 ETH.
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Did Schwartz describe the reductions as a single transaction?
No. The figures compare his peak holdings with what remains and do not describe a single transaction.
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Did Schwartz give a price outlook as his reason for selling?
He attributed the sales to his personal aversion to risk and difficulty tolerating volatility, rather than an outlook for a particular asset.
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