Schwartz Cautions Against Public Ripple Stock Investment

David Schwartz, the co-founder of the XRP Ledger and Ripple's CTO emeritus, cautioned against public investment in Ripple stock during a series of recent posts on X, stating that his own cryptocurrency exposure is now primarily through company equity rather than XRP.

The discussion unfolded after community members revisited Schwartz's past sale of Ethereum at $1.05 and pressed him on his current holdings. Schwartz disclosed that he once held 26 million XRP, acquired by trading Bitcoin, but has since sold most of it to reduce risk. "I no longer had that much left anymore," he wrote, adding that Ripple stock represents his main crypto position. "I fully recognize that crypto may be a once-in-a-generation chance to get rich that we have not missed yet and that may mean that I miss a lot of it. I'm okay with that and hope my Ripple stock gives me enough exposure. I sleep better at night that way."

Schwartz emphasized his preference for lower risk, describing himself as "the smart, sensible investment guy who might miss the big opportunities," not "the diamond hands guy." He holds about one million XRP currently, which he considers "not a lot" relative to his past position.