CARDANO: Hoskinson is placing a wager that Bitcoin will play a significant part in cross-chain DeFi in the future, as ADA liquidity is moving toward BTC and Cardano-native stablecoins like USDM and USDA. He dismisses those who worry about price disruption and is still optimistic that this approach would improve Cardano and Bitcoin's long-term utility and market alignment.
POLKADOT; DOT makes Its Own "Strategic Pivot" to Bitcoin in Response to Suit Concurrently, the Polkadot community is currently investigating a comparable strategy change. A recent suggestion proposes using Hydration's automated DCA platform to progressively convert over 500,000 DOT into tBTC.
Price speculation is not the only reason for this action. Additionally, it is intended to improve DeFi capabilities on Polkadot and increase on-chain liquidity. The project prioritizes security and non-custodial storage by utilizing Threshold Network's decentralized Bitcoin bridge.