Ripple's David Schwartz Reveals Major Crypto Sales, Citing Discomfort With Investment Risk

Former Ripple chief technology officer David Schwartz has disclosed that he sold most of his cryptocurrency holdings over time, explaining that his discomfort with investment risk influenced his decisions despite the substantial gains he could have realized by holding longer.
According to figures shared by Schwartz, his XRP $XRP holdings declined from approximately 26 million tokens to 3 million, while his Bitcoin $BTC holdings fell from 1,500 BTC to just one. His Ethereum $ETH position reportedly decreased from 40,000 ETH to six.
Schwartz revealed that some of his sales occurred at prices that now appear exceptionally low, including Bitcoin near $750, Ethereum around $1 and XRP at approximately $0.10. The complete timing of his transactions and total proceeds have not been disclosed.
He acknowledged regretting some of the decisions but explained that he and his wife had agreed to sell portions of their holdings whenever prices reached new highs. Schwartz said his preference for reducing risk outweighed the possibility of maximizing long-term returns.
Despite substantially reducing his cryptocurrency exposure, Schwartz said he continues to own Ripple equity, which he considers a greater concentration of financial risk than he would ideally prefer. His comments illustrate the trade-off between securing gains and maintaining exposure to assets with potentially significant future appreciation.