David Schwartz (데이비드 슈워츠), Ripple's chief technology officer emeritus, disclosed that he currently holds more than 1 million XRP.

On May 5 local time, blockchain outlet The Crypto Basic reported that Schwartz recently discussed his digital-asset holdings on X, formerly Twitter, and said his cryptocurrency exposure is now effectively limited to XRP and Ripple.

The disclosure came after speculation in the XRP community about his actual holdings. Schwartz said his current holdings exceed 1 million XRP but that it is still "not a lot" to him. He added that he held much more in the past and at one point had 26 million XRP.

Some community users had estimated his XRP holdings were small based on one of his public wallets. The wallet had been used to provide liquidity to an XRP and FUZZY automated market maker pool and held about 4,800 XRP as of the time of writing. But the figure was seen not as his total holdings but as suggesting that he stores XRP across multiple wallets.

Schwartz said he also sharply reduced his bitcoin and ether holdings. He said he once held more than 1,000 bitcoin and about 40,000 ether, but now holds less than 1 bitcoin and less than 2 ether. He cited his early scepticism about the two assets' long-term price appreciation as a reason. He said he did not expect bitcoin to rise above $100 and ether to reach $2,000. He also said he sold most of his ether at about $1.05 per token.

Schwartz drew a line against the idea that his portfolio now being centered on XRP and Ripple was the result of a pre-planned strategy. He said he tends to doubt his own judgement and has therefore continued to revisit and revise decisions. He indicated that the shifts in his holdings are the cumulative result of a series of choices made amid his market views, experience and uncertainty.

After the remarks, some in the XRP community reacted by questioning whether Schwartz, though among the early founders of XRP, was allocated relatively less than other founders. Arthur Britto (아서 브리토), known as a co-founder of the XRP Ledger, is widely known to have received about 2 percent of XRP's total supply, with estimates cited at 1.3 billion to 2.0 billion XRP.

This led some to continue speculating that Schwartz may not disclose the full scale of his XRP holdings. But what Schwartz personally confirmed is that he currently holds more than 1 million XRP, has effectively exited exposure to bitcoin and ether, and that his remaining cryptocurrency exposure is concentrated in XRP and Ripple.