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Top Ripple Executive Says He Owns Bitcoin, XRP, Ethereum, and This Small-Cap Cryptocurrency

September 12, 2020

Ripple’s chief technology officer David Schwartz says he owns several crypto assets on top of his XRP holdings.

Schwartz, one of the original architects of the XRP ledger, says Bitcoin (BTC) and XRP represent the majority of his crypto portfolio.

In addition, he owns smaller amounts of Ethereum (ETH) and Basic Attention Token (BAT).

Yes. I own XRP and BTC as well as small amounts of BAT and ETH, and very small amounts of a few others.

— David "JoelKatz" Schwartz (@JoelKatz) September 9, 2020

Basic Attention Token is a utility token for an open-source, decentralized blockchain-based digital advertising platform.

An ERC-20 token built on top of the Ethereum blockchain, BAT has a market cap of nearly $385 million, the 43rd largest in the industry. The asset was trading around $0.35 – $0.40 throughout the second half of August, but it has since plummeted to about $0.26 at time of writing, according to CoinMarketCap. The BAT ecosystem also includes Brave, an open-source web browser that prevents tracking and promotes decentralization as a means of breaking corporate controls and centralized power.

In the past, Ripple executives have been questioned about their willingness to publicize bullish outlooks about Bitcoin but not about Ripple’s own native asset, XRP.

Schwartz said in May that “global regulatory uncertainty” makes it harder for Ripple officials to discuss their XRP holdings and/or opinions. The Ripple CTO also noted at the time that he only held 5% of the Bitcoin he once did.

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