#CardanoDebate 🚨 Cardano Treasury Controversy: Strategic Move or Risky Gamble? 🔥
Charles Hoskinson has proposed using 140M ADA (~$100M) from Cardano's treasury to purchase BTC and Cardano-native stablecoins like USDM, USDA, and IUSD to fuel DeFi growth. 💥
The reaction? $ADA dipped 6%, and the community is split:
🔹 Bullish View: A bold move toward ecosystem maturity and utility. 🔹 Bearish Concern: Risky play amid market uncertainty and questionable governance transparency.
👀 With $ADA now at $0.6362 (+1.55%), the question is:
👉 Will this proposal strengthen Cardano long-term or shake investor confidence further?