Ripple CEO Sees Bitcoin Reaching $180K, Criticizes Strategy's Leverage

Ripple CEO Brad Garlinghouse remains optimistic about Bitcoin's long-term prospects, viewing it as a digital gold and store of value. He believes that Bitcoin's utility and institutional adoption could drive prices up to $180,000 by the end of 2026.

However, Garlinghouse criticized Strategy's use of leverage through preferred shares for amplifying losses and negatively impacting the crypto market during downturns.

Garlinghouse highlighted that risky corporate borrowing strategies like those of Strategy have increased market pressure and volatility, causing investors to balance Bitcoin's potential with concerns over financial engineering in the crypto space.