Ripple CEO Says MicroStrategy’s Bitcoin Strategy Is Hurting the Crypto Market

Ripple CEO Brad Garlinghouse said in a CNBC interview that MicroStrategy’s Bitcoin accumulation approach tends to magnify market moves, strengthening gains during rallies but also intensifying losses during downturns. He added that the structure is highly leveraged, which can lead to compounding negative effects when conditions turn unfavorable.

Building on this point, he argued that long-term value in the crypto industry should come from real-world utility rather than using borrowed capital to increase exposure to Bitcoin. While he maintained a positive view of Bitcoin overall, he suggested that Michael Saylor’s strategy may not align with broader market priorities and could be contributing to increased market instability.

Source: CNBC