Ripple Whale David Schwartz: CTO reveals his crypto portfolio
Three crypto currencies in comparison: Bitcoin, Ethereum and Ripple. The picture shows the respective coins ETH, BTC and XRp.
What does the portfolio of Binance CEO Changpeng Zhao actually look like and which crypto currencies does Ripple CTO David Schwartz trade? Even if such Crypto Bank questions have no effect on the development of a crypto currency, it is still interesting to see what the portfolio of the big whales looks like.
In a recent series of tweets, Ripple CTO David Schwartz spoke about his crypto portfolio. Schwartz reveals how many XRP he actually owns and his relationship to Bitcoin and Ethereum.
Ripple CTO David Schwartz: The Crypto-Portfolio
There is probably no doubt that David Schwartz, as Ripple CTO, also has a large amount of XRP.
In a tweet posted last week, Schwartz revealed that he owns more than 1 million XRP. He did not want to reveal the exact number. It is certain that the amount he holds is between 1 million and 10 million XRP.
This means that Schwartz currently has assets of between $660,000 and $6.6 million in XRP.
It is clear here above all that Schwartz, despite his leading position, does not hold any enormous amounts of XRP, although assets of several million are not insignificant.
In addition, of course, there is also his stake in Ripple and the payment in his position as CTO.
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Bitcoin sold for 750$ and ETH for 1$
Schwartz also commented on the subject of failed investments in crypto-currencies during a Quora-Thread.
Probably the majority of readers also made one or the other investment in a crypto currency, which he regrets today. XRP is not excluded at this point.
Schwartz said that he had by far not lost as much as he already earned with crypto currencies. Nevertheless the pure total loss through crypto-currencies, which are now de facto worthless, amounts to about 300,000 dollars.
Conclusion: Even experts make mistakes and lose money. All the more important is a detailed examination before an investment. Rationality is in the foreground here.
The topic of family planning and prosperity was also discussed. Schwartz said that he talked to his wife about a kind of consolidation. In other words: A plan that should secure assets and therefore include less risky investments.