Ripple CTO Schwartz Sparks XRP Conspiracy With Bear Avatar

David Schwartz, the current CTO Emeritus at Ripple, has stirred up the XRP community by setting a “Fuzzybear” image as his profile picture on X. For those deep in XRP lore, this isn’t just any bear picture; it’s a nod to a long-running conspiracy theory centered around a mysterious anonymous figure known as bearableguy123.

Bearableguy123 spent years publishing cryptic financial predictions about XRP, including a price target of $589 and claims of global dominance. Many in the community have held onto these predictions as almost sacred. The “Fuzzybear” wallet itself dates back to 2013, when it was first activated by OpenCoin, and later became famous for a legendary DEX order that offered 1 XRP for 1 BTC. Some even whisper that Ripple CEO Brad Garlinghouse could be behind that account.

Given the history, Schwartz’s avatar change immediately connected these old myths with current events—specifically, the launch of a Fuzzybear-themed meme coin. Schwartz had even opened a technical trustline to test AMM pools, adding another layer of coincidence. What might have been a simple profile swap became perfect fuel for wild fan theories.

Some see it as a long-awaited acknowledgment of meme culture from Ripple’s leadership. But others, who know Schwartz as a fan of XRPL NFTs and subtle online humor, suspect he’s just elegantly mocking an overly impressionable audience.

Schwartz’s Anti-Conspiracy Stance

The irony is that this profile picture change happened against a backdrop of Schwartz’s broader campaign against fake narratives. Just recently, he directly stated there is no secret government plan to make XRP a global reserve currency. He called price predictions of $10,000 mathematically irrational fantasies. He also described investments in meme coins as “distasteful” stupidity, stressing he does not want to be a “billboard for scammers” or defend other people’s financial speculation.

What Happens Next?

Now, the interesting question is how long Schwartz will keep this bear as his avatar. It would be even more amusing if Brad Garlinghouse joined the trend, changing his corporate photo to a meme from the conspiracy theory—especially given old rumors that he himself is bearableguy123.

Even without that, this move from Schwartz is exactly what the XRP community didn’t expect to see in 2026. For old-school holders who remember what happened back in 2013, it’s a strange, nostalgic twist.

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