In the course of one of his regular chats with the XRP community on Twitter, Ripple chief technology officer (CTO) David Schwartz has told the story of how he withdrew and cashed out almost all of his Bitcoin holdings as it has been printing new highs since 2010.
Ripple CTO has 2 percent of his Bitcoin holdings left
Ripple CTO has tweeted that he has been taking profits from his Bitcoin holdings since it first surged to the $100 level and then continued to spike, hitting new all-time highs of $250 and $750, and now finally reaching $63,000 per coin.
Talking with an XRP fan who goes under the Twitter name MackAttackXRP, Schwartz shared that he had used a similar strategy of withdrawing some of his profits made from Bitcoin‘s surge.
By now, he tweeted, he has only around two percent of his initial Bitcoin stash left. Apparently, he also sold some of his BTC back in 2017, when Bitcoin hit a $20,000 ATH.
Schwartz holds some popular altcoins, apart from Bitcoin
As U.Today reported earlier, the Ripple chief technology officer shared which cryptocurrencies make up his portfolio.
Aside from the flagship cryptocurrency Bitcoin and XRP, Schwartz holds Ethereum, ADA, BAT, XLM, EOS, Bitcoin Gold, Polymath and a few other minor cryptocurrencies.
Back in January, Schwartz tweeted that BTC and XRP constituted the largest part of his crypto portfolio.
Bitcoin fails to top $65,000 after hitting a new ATH
After hitting $64,845 on Wednesday, Bitcoin went down to the $61,333 level on the same day and, as of press time, is changing hands at $62,350.
The main catalyst for Bitcoin, Ethereum and other cryptocurrencies hitting new ATHs over the past several days has been the Coinbase crypto exchange going public via direct listing on the Nasdaq.
The much-anticipated event took place on April 14 with the Coinbase valuation reaching $100 billion and trading kicking off at $381 per share and then increasing to $400 per share.
Ethereum has increased 120 percent against Bitcoin since 2020 and 54 percent since the start of 2021.