🔸Will Hoskinson's move make Cardano or the opposite? 🤔
Charles Hoskinson, the founder of Cardano, surprised the community by proposing to use 140 million ADA from the network's treasury (which is about 100 million dollars 😮) to buy Bitcoin and also support Cardano's stablecoins like USDM, USDA, and IUSD.
The stated goal is to create more liquidity and strengthen decentralized finance (DeFi) projects on Cardano, which could attract more people to build and work on the chain.
But people were divided into two camps.
✅ Some saw it as a smart and bold move that would help the Cardano ecosystem grow and have a bigger role in the market.
❌ Others said it was a significant risk, especially in a market filled with uncertainty and volatility; this money could be lost if prices drop or if the stablecoins fail.
Indeed, ADA dropped 6% after the announcement. The market is telling you it's hesitant.
🎯 The important question now is whether Cardano is playing it right and building for the future? Or is it gambling with its future?
I believe this is a step that requires strong follow-up and genuine governance… If executed correctly, it could indeed open the door for significant growth, but if mishandled… it could lead to a difficult loss to recover from.
