David Schwartz, a former Chief Technology Officer at Ripple, has confessed he deliberately downplayed how positive he felt about XRP and the overall cryptocurrency market.
Schwartz is careful about expressing his views, as his excitement could be wrongly interpreted as an attempt to influence the market.
A long-time leader at Ripple recently said he feels limited in what he can say publicly because of his high-profile role.
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David Schwartz expressed sadness on X that he hesitates to share his positive views on XRP and cryptocurrencies, fearing it might look like he’s promoting his own interests or even intentionally trying to influence the market.
Defending the right to sell
Schwartz is reluctant to share positive views because his own investments, especially past cryptocurrency sales, are heavily examined whenever he talks about them.
In a market where many investors boast about holding onto investments no matter what, and discourage selling for profit, Schwartz has consistently advocated for a sensible approach to managing risk.
Ripple’s chairman has stood by his previous choices to sell off some of his XRP, Bitcoin, and Ethereum holdings, despite the criticism they’ve received.
I had the same access to XRP as anyone else, and my actions with Bitcoin and Ethereum were similar – no one questioned those. I strongly disagree with the idea that selling is wrong, and I’ve always said people should sell when it benefits them financially.
He was first drawn to the early Bitcoin community because they didn’t prioritize putting others’ financial needs before their own.
Schwartz is well-known for openly talking about opportunities he’s passed up. He sees these as simply the price of being careful with risk. For example, he once exchanged Bitcoin for 26 million XRP, but sold a large amount when its price reached $0.10. He found holding millions of dollars in such a rapidly changing asset deeply unsettling.
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2026-05-07 11:26