Brad Garlinghouse criticized Strategy Chairman Michael Saylor’s use of financial engineering to fund continued Bitcoin purchases, arguing long-term digital asset value should rest on stronger fundamentals.
Ripple CEO Brad Garlinghouse said Michael Saylor’s approach at Strategy has damaged the crypto market. He criticized the company’s use of financial engineering to keep buying Bitcoin and argued that the long-term value of digital assets should be supported by underlying fundamentals rather than leverage-driven accumulation.