Michael Saylor and Strategy weren\u2019t focused on the right features of bitcoin and how to build their own strategy around it, which is now hurting the overall cryptocurrency market, said Ripple\u2019s CEO, Brad Garlinghouse.<\/p>\n
In a recent interview with CNBC, he doubled down that the long-term value of a certain asset is its utility, not just speculative products made to accumulate it, referring to Strategy\u2019s STRC.<\/p>\n
Ever since Strategy conducted<\/a> its first BTC sale in four years by the end of May, it has become a hot topic of discussion within the cryptocurrency community despite its subsequent purchases, which were a lot larger. The latest to weigh in on the matter was Ripple\u2019s CEO, who noted<\/a> that Strategy\u2019s purchases had \u201cadded some excitement on the way up and now that\u2019s compounding on the way down as well.\u201d<\/p>\n He focused on STRC, the company\u2019s Stretch stock, which is used to raise funds by promising high yields, and deploy the proceeds to accumulate more bitcoin. Although Saylor has refrained from calling it leverage, Garlinghouse believes that\u2019s exactly what it is, and the market has started to see how it can compound negatively when BTC\u2019s price corrects.<\/p>\n STRC continues to trade 25% below its par price of $100, which Garlinghouse believes is a \u201cpretty damning indictment, and I don\u2019t think it has helped the market.\u201d He added that creating long-term value should be the company\u2019s focus, while \u201cfinancial engineering\u201d doesn\u2019t.<\/p>\n \u201cLong-term value of any digital asset is going to be driven by utility. If it\u2019s solving a problem at scale for real customers, you are going to see liquidity, you are going to see demand, you are going to see trust in that asset. Those things compound in a positive way.\u201d<\/p>\n He concluded that he remains bullish on bitcoin and believes investors should be greedy in the current market environment, given the asset\u2019s 50%+ correction from its October 2025 top.<\/p>\n After commenting on how BTC should act as digital gold and how much easier it would be to move funds with Bitcoin rather than the precious metal, Garlinghouse turned his attention to Ripple\u2019s native cross-border token and its utility. He explained that XRP\u2019s utility is focused on payments and \u201cleveraging the speed and efficiency of that blockchain for institutions.\u201d<\/p>\n He added that the company has seen \u201ctremendous demand\u201d by clearing $16 trillion in payments in 2025 alone in the prime brokerage business, probably through acquisitions.<\/p>\n \u201cRipple\u2019s strategy from the beginning has been how to bring traditional finance into the modern architecture of blockchain. And now, through some acquisitions, we have a tremendous opportunity to bring that in.\u201d<\/p>\n The post Ripple CEO Praises XRP, Questions Strategy\u2019s Impact on Bitcoin and Crypto<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Michael Saylor and Strategy weren\u2019t focused on the right features of bitcoin and how to build their own strategy around it, which is now hurting the overall cryptocurrency market, said Ripple\u2019s CEO, Brad Garlinghouse. In a recent interview with CNBC, he doubled down that the long-term value of a certain asset is its utility, not […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-188257","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/188257"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=188257"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/188257\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=188257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=188257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=188257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}XRP in Focus<\/h2>\n