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Ripple CEO bullish on Bitcoin but criticizes Strategy’s leverage hurting crypto market

Market News
27 Jun 2026
Bitcoin
View Source
Neutral
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Ripple CEO Brad Garlinghouse remains optimistic about Bitcoin, viewing it as a long-term digital gold and store of value. However, he criticized Strategy’s use of leverage, particularly through preferred shares, for amplifying losses and negatively impacting the crypto market during downturns. Garlinghouse highlighted that while Bitcoin’s utility and institutional adoption could drive prices up to $180,000 by the end of 2026, risky corporate borrowing strategies like those of Strategy have increased market pressure and volatility. Investors are now balancing Bitcoin’s potential with concerns over financial engineering in the crypto space.

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