When He Preached Diversification... Ripple's Former CTO Is Virtually 'All-In' on XRP

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David Schwartz, Ripple's former Chief Technology Officer, revealed that his cryptocurrency portfolio is virtually composed solely of XRP and Ripple stock.

U.Today reported on May 5 (local time) that Schwartz said via X (formerly Twitter) that almost all of his remaining crypto exposure is to XRP and Ripple. He explained that while his portfolio wasn't intentionally constructed that way, he currently has virtually no crypto exposure other than XRP and Ripple.

However, Schwartz stated that despite his concentrated holdings in XRP, he supports diversification from a general investment perspective. He said that if one believes in the long-term success of a particular industry but isn't confident in picking winners and losers within it, it's reasonable to spread investments across that entire sector.

These remarks came as Schwartz was questioned about XRP maximalism. He explained that he isn't the type to always be certain he's right or to conclude that past choices were the best. U.Today reported that Schwartz's concentrated XRP holdings are more a result of circumstance than a strategic choice.

Schwartz also recently denied community suspicions that he was bound by an NDA after leaving Ripple and forced to lie about the company or XRP. Furthermore, regarding extreme price targets like the XRP $10,000 forecast, he drew a line, stating that the market is not reasonably accepting such levels.

U.Today also mentioned that Schwartz previously revealed he had liquidated a significant portion of his XRP holdings. He explained that holding Ripple stock alone gives him sufficient vested interest, allowing him to avoid direct exposure to extreme volatility. Schwartz's latest remarks are interpreted as an example demonstrating the balance between his personal interest in XRP and the principle of diversification.

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