Ripple CEO Brad Garlinghouse has a blunt message for Michael Saylor

Michael Saylor’s aggressive Bitcoin strategy isn't a visionary masterstroke—it’s a dangerous leverage trap that is actively hurting the crypto market. This debt-fueled "financial engineering" created artificial euphoria on the way up, but it’s now a negatively reinforcing weight dragging the entire industry down. Real value comes from utility, not hoarding assets through complex debt. Is MicroStrategy’s model a brilliant institutional play or a systemic risk to Bitcoin?
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