Ripple CEO says Michael Saylor has hurt crypto market as Strategy’s STRC trades 25% below par
"Financial engineering does not drive long-term value ... long-term value of any digital asset is going to be driven by utility," said Garlinghouse.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
"Financial engineering does not drive long-term value ... long-term value of any digital asset is going to be driven by utility," said Garlinghouse.
Why this matters
XRP is a tracked market entity in the DigitalMoneyBox archive, making this useful context for readers monitoring repeated mentions and follow-up coverage.
Original source
Read on The BlockSame story, other sources
Cross-source coverage
2 sources
Ripple CEO criticizes Strategy’s Michael Saylor as STRC trades 26% below par
The STRC's decline highlights risks in financial engineering over utility, potentially deterrin...
Related market context
Crypto News Today: Saylor Hints at Bitcoin Buy as Buterin Questions Ethereum Burn Thesis, and Schwartz Downplays XRP Price Influence
Michael Saylor has revived expectations of another Bitcoin acquisition by Strategy after sharing its long-term accumulation chart....
Bitcoin vs. Gold: Peter Schiff Highlights Strategy’s $75.5K Cost Basis and Missed 30% Return Target
The gold advocate used the development to question Michael Saylor’s six-year Bitcoin investment strategy, arguing that gold delive...
Bitcoin Trades Below Strategy’s $75,451 Average Purchase Price
The company’s disclosed 849,327 BTC were worth about $63.58 billion at the Sunday quote, below their $64.08 billion acquisition co...
Saylor Shares $64B Bitcoin Chart, Stirring Strategy Buy Questions
Michael Saylor shared a chart showing Strategy’s bitcoin holdings valued at $64.44 billion following a sharp market sell-off. His...
Michael Saylor Reveals 400-Year History Behind Bitcoin Income
Michael Saylor traced Strategy’s model of financing bitcoin holdings through income-paying shares to four centuries of financial h...
Strategy’s Bitcoin stack slips below cost basis as BTC drops under $75K
Strategy's unrealized Bitcoin loss highlights the volatility and financial risks inherent in heavy reliance on a single volatile a...