Ripple CEO stays bullish on bitcoin but says Saylor's strategy has hurt crypto
CoinDesk 2026-06-27 07:58:35
Context: Ripple CEO Brad Garlinghouse expressed his continued optimism about the future of Bitcoin, while criticizing the strategy employed by MicroStrategy's CEO, Michael Saylor, stating that it has negatively impacted the cryptocurrency market. Garlinghouse's comments come as the CEO of the company behind XRP, a rival to Bitcoin. The remarks were made in reference to the performance of STRC, which has slid to a record low.
Key Facts
- Ripple's CEO, Brad Garlinghouse, remains bullish on Bitcoin despite expressing concerns over certain strategies employed in the cryptocurrency market.
- Garlinghouse referred to MicroStrategy's preferred-stock funding model as "financial engineering" that has distracted the market, according to his comments.