Former Ripple CTO David Schwartz said he sold most of his XRP, Bitcoin, and Ethereum holdings because he avoids risk.
According to Wu Blockchain, Schwartz significantly reduced his personal crypto portfolio from its peak levels.
Schwartz’s XRP holdings fell from about 26 million to 3 million, his Bitcoin (BTC) holdings from about 1,500 to 1, and his Ethereum (ETH) holdings from 40,000 to 6.
Schwartz explained his aversion to risk
“I really, really hate risk,” Schwartz said, adding that he does not have the personality to withstand severe market volatility.
Not investment advice.
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