Ripple's former CTO reveals selling most crypto holdings due to extreme risk aversion.
Former Ripple Chief Technology Officer David Schwartz has revealed that he sold the vast majority of his crypto portfolio due to extreme risk aversion, cutting his peak holdings from around 26 million XRP to 3 million XRP, from around 1,500 BTC to just 1 BTC, and from 40,000 ETH to 40,000 ETH below. Schwartz added that he "really hates risks" and simply does not have the personal inclination to tolerate heavy volatility in the market.