Ripple CEO Praises XRP, Questions Strategy’s Impact on Bitcoin and Crypto
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Brad Garlinghouse told CNBC that Michael Saylor and MicroStrategy’s Strategy/STRC prioritized speculative accumulation of bitcoin over building real utility, and he says that misplaced focus is now hurting the broader crypto market. He argued the long-term value of crypto lies in utility and adoption rather than products designed mainly to hoard tokens, highlighting negative market impact and adoption risk.
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Michael Saylor and Strategy weren’t 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’s 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 just speculative products made to accumulate it, referring to Strategy’s STRC.
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