As more opinions on Strategy’s latest bitcoin (BTC) moves surface within the crypto community, trader Merlijn has countered Ripple CEO Brad Garlinghouse’s stance on the matter.
In a tweet addressing Garlinghouse’s remarks on Strategy’s recent BTC sale, Merlijn insisted that both Ripple and the business intelligence firm use the same funding models. In other words, the Ripple CEO is in no position to reprimand Strategy and Michael Saylor when they have similar approaches to the market.
Trader Challenges Garlinghouse’s Comments on Strategy
Over the weekend, CryptoPotato reported that Garlinghouse said during an interview with CNBC that Strategy’s Bitcoin model is hurting the crypto market. The leading Bitcoin treasury firm broke its BTC purchase streak weeks ago and sold some part of its holdings. The move sparked an uproar in the market, as the company has been one of the major drivers of BTC demand.
Although Strategy subsequently resumed BTC purchases, that sale triggered
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