Why did Ripple’s former CTO sell most of his portfolio? $XRP
The short answer: risk. David Schwartz said he «hates risk intensely» and doesn’t have the personality to withstand extreme market volatility.
Did he sell everything?
No. He still has about 3 million XRP, 1 BTC, and 6 ETH, down from a portfolio that held roughly 26 million XRP, 1,500 BTC, and 40,000 ETH.
Is the reason a negative view of cryptocurrencies?
His words don't indicate any expectation about the market's direction. The stated reason is his personal risk tolerance, and that's an important distinction.
What does that mean for you?
If you read the move as a signal of a top or bottom, you're adding something he didn't say. Some may see it as an indication of general caution, but it remains an individual decision about the size of his exposure, not a price prediction.
In short: Schwartz didn't say the market would crash; he said he can't handle its volatility.
Do you expect Schwartz to reduce what's left in his portfolio later? 👇
#XRP #Ripple
This content is for informational purposes only and is not financial advice.
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