When He Was Advocating for Diversification... Former Ripple CTO Virtually 'All-In' on XRP

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

U.Today reported on May 5 (local time) that Schwartz stated via X (formerly Twitter) that almost all of his remaining crypto exposure is to XRP and Ripple. He explained that although his portfolio was not 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 diversified investment from a general investment perspective. He said that if one believes in the long-term success of a particular industry but is not confident in picking winners and losers within it, it is reasonable to spread investments across the entire sector.

These remarks came as Schwartz was questioned about XRP maximalism. He explained that he is not the type to always be certain he is 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 allegations that he was bound by an NDA after leaving Ripple and had to lie about the company or XRP. Furthermore, regarding extreme price targets like the XRP $10,000 prediction, he drew a line, stating that the market does not reasonably accept 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 equity alone provides sufficient vested interest and allows him to avoid direct exposure to extreme volatility. Schwartz's recent statements are interpreted as an example demonstrating the balance between his personal interest in XRP and the principle of diversified investment.

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