---
title: "Former Ripple CTO Discloses Selling Most Crypto Holdings Due to Extreme Risk Aversion"
url: https://thecoingazette.com/former-ripple-cto-discloses-selling-most-crypto-holdings-due-to-extreme-risk-aversion/
date: 2026-11-11
modified: 2026-11-11
lang: en
author: "Coin Gazette Editorial"
description: "Former Ripple Chief Technology Officer David Schwartz revealed that he has sold off the vast majorit..."
categories:
  - "Crypto News"
tags:
  - "crypto"
  - "cryptocurrencies"
  - "Defi"
  - "Market Trends"
  - "News"
word_count: 78
---

# Former Ripple CTO Discloses Selling Most Crypto Holdings Due to Extreme Risk Aversion

Former Ripple Chief Technology Officer David Schwartz revealed that he has sold off the vast majority of his crypto portfolio due to an extreme aversion to risk, trimming his peak holdings from roughly 26 million XRP down to 3 million XRP, from around 1,500 BTC to just 1 BTC, and from 40,000 ETH down to 6 ETH. Schwartz adding that he "really, really hates risk" and simply does not have the personal disposition to tolerate heavy market volatility.