As Bitcoin and altcoins continued to sell off, David Schwartz, Ripple’s former CTO, made a notable statement about his personal crypto holdings.

Ripple’s former CTO said he sold “almost his entire” of his digital asset portfolio and had not bought $XRP in a long time because he felt “too uncomfortable” with the risk.

$XRP, Bitcoin, and Ethereum Holdings Have Fallen Significantly!

David Schwartz said his large-scale selling was driven more by his personal tolerance for risk than by waning confidence in cryptocurrencies.

Their holdings fell from approximately 26 million $XRP, 1,500 Bitcoin, and 40,000 Ethereum to 3 million $XRP, 1 BTC, and 6 ETH.

Schwartz said his $XRP sales were part of a long-term strategy. Under an agreement with his wife, he sold some of his holdings when $XRP reached a new all-time high.

Schwartz added that he was uncomfortable taking risks and had therefore sold almost all of his cryptocurrencies.

The veteran Ripple executive added that every risk he had taken with $XRP and cryptocurrencies up to that point had brought huge returns, but his cautious approach had kept him from becoming a billionaire. Schwartz wrote in his post, “I’ve been exactly as successful as I wanted to be.”

Schwartz’s remarks prompted debate among $XRP investors over whether his sell-off reflected negative expectations and a lack of confidence in $XRP. The former CTO, however, stressed that his decisions were not specific to $XRP, but were entirely a result of his personal investment approach.

*This is not investment advice.

Source: en.bitcoinsistemi.com. Adapted by NBTC.