Garlinghouse Slams Strategy's Funding Model, Cites Harm to Crypto Market

Ripple CEO Brad Garlinghouse remains bullish on Bitcoin but has expressed concerns about Michael Saylor's strategy, which he believes has hurt the crypto market.

Garlinghouse pointed to Strategy's preferred-stock funding model as an example of 'financial engineering' that distracted investors. He noted that STRC's stock price had reached a record low, suggesting that this approach was not effective.

As the CEO behind XRP, a rival to Bitcoin, Garlinghouse emphasized his positive stance on BTC. However, he expressed skepticism about Saylor's strategy and its impact on the broader market.