Ripple Executives Say They’re Long Bitcoin (BTC), But Won’t Say the Same About XRP – Here’s Why

Ripple chief technology officer David Schwartz says there is a reason why executives at Ripple have stated that they have long been Bitcoin (BTC), but have not made the same statement about XRP.

In a series of tweets, Schwartz says global regulatory uncertainty prevents the company from predicting price action for the third largest cryptocurrency by market capitalization.

Ripple owns more than half of the total supply of XRP and is actively working to grow its ecosystem through investments in the cryptocurrency space and through its XRP-based remittance platform, ODL.

Schwartz, who is one of the original architects of the XRP Ledger, says the company is acting with caution given its significant stake in the crypto asset and in light of the lawsuits alleging that Ripple illegally sold the digital asset as a non -registered security.

Schwartz, who started mining Bitcoin in 2011, says he has sold much of his BTC portfolio. He now owns 5% of the BTC he ever had.

In August 2019, Schwartz said he still has a “significant fraction” of the XRP that he has built up over the years.

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