Ripple CTO sells cryptocurrency holdings

David, the CTO of Ripple publicly said that he has not bought XRP token in a very long time. He added he is uncomfortable with the risk and has sold most of the digital assets which also includes BTC. David used to own 1500 BTC and has sold 1499 BTC. Coming to Ripple’s XRP, he used to own 26M. Now, he holds just 3M XRP.

The architect of XRP’s consensus holding 3 million of his own token is still a position, not an exit. But I hate risk from the man who designed the ledger reads less like a confession and more like a signal about what he thinks volatility still holds.

That said, we have utmost respect for saying it publicly. Risk tolerance changes with age and wealth, and selling is a valid choice. The mistake is copying someone’s exit without having his entry.

He literally went from about 1,500 BTC to 1 BTC because he agreed with his wife to sell at every new all-time-high.

Painful in hindsight but he also said he’s almost exactly as successful as he was trying to be, knowing your own risk limit beats chasing the top.