---
title: "Ripple CEO says Michael Saylor has hurt crypto market as Strategy's STRC trades 25% below by"
url: https://thecoingazette.com/ripple-ceo-says-michael-saylor-has-hurt-crypto-market-as-strategys-strc-trades-25-below-by/
date: 2026-06-26
modified: 2026-06-27
author: "Coin Gazette Editorial"
description: "“Financial engineering does not drive long-term value ... long-term value of any digital asset is going to be driven by utility,” said Garlinghouse."
categories:
  - "Crypto News"
tags:
  - "ceo"
  - "crypto"
  - "crypto market"
  - "financial engineering"
  - "Market"
  - "Markets"
  - "Michael Saylor"
  - "ripple"
  - "Strategy"
  - "STRC"
  - "The Block"
  - "utility"
word_count: 23
---

# Ripple CEO says Michael Saylor has hurt crypto market as Strategy's STRC trades 25% below by

“Financial engineering does not drive long-term value ... long-term value of any digital asset is going to be driven by utility,” said Garlinghouse.