Ripple CEO Brad Garlinghouse publicly criticized Michael Saylor’s Bitcoin (BTC) way to find, saying that the way has hurt a lot cryptocurrency market and failed to generate long-term profits.
Speech on June 26 interview on CNBC Squaw on the StreetGarlinghouse aims for a financial model used by the Strategy to grow its Bitcoin wealth.
Despite maintaining a positive long-term view on Bitcoin, the CEO of Ripple said that the company’s confidence in its preferences. property donations are other ways to make money to buy more BTC to financial engineering instead of making a sustainable profit.
Garlinghouse said the future value of digital assets will ultimately depend on how they can be used effectively rather than the brutal methods of economics.
“Investment does not drive long-term value. <…> “Michael Saylor’s team didn’t look at the right things, and that has hurt the entire market,” Garlinghouse said.
Ripple’s CEO reiterated the company’s long-standing vision crypto currency the implementation should be managed by the users.
Ripple has been promoting XRP as a cross-border payment tool with financial institutions, differentiating its approach from Bitcoin-focused ones. money strategies based on wealth accumulation.
Strategy Bitcoin hard currency
Garlinghouse’s critique arrives at a critical time for the Bitcoin treasury model strategy.
In May 2026, Strategy sold 32 Bitcoins for approximately $2.5 million to help meet the dividends associated with the preferred offering.
The deal marked the first Bitcoin sale in years and drew attention because it appeared to depart from Saylor’s long-standing commitment to holding Bitcoin forever.
At the same time, Strategy’s common stock, known as STRC, has traded below $100 per share, reflecting investors’ concerns about the stock’s stability and the company’s financial performance.
The decline has also affected Strategy’s ability to issue preferred shares, a major source of capital previously used to buy Bitcoin.
Despite these challenges, Strategy remains one of the most challenging the biggest companies that own Bitcoinand about 844,000 BTC on the balance sheet.
Supporters of Saylor’s method say that the strategy of Bitcoin-directed Treasury strategy has created a greater share price in the long term and increased Bitcoin contact on the sector.
He sees recent changes, including Bitcoin’s limited sell-off, as prudent financial management rather than a sign of weakness.
However, critics argue that crowdfunding strategies can increase market volatility and create risks that extend beyond a single company.
