Ripple CEO Condemns Strategy's Bitcoin Acquisition Strategy, Says It Harms the Crypto Market

CoinFeed June 27 news, according to The Block, Ripple CEO Brad Garlinghouse in an interview with CNBC condemned Strategy and its chairman Michael Saylor for the way they finance Bitcoin purchases. "Financial engineering does not create long-term value... The long-term value of any digital asset will be driven by utility." "Michael Saylor and his team are not focusing on the right things, which is damaging the entire market."