📍Charles Hoskinson proposes "diversifying" 100 million USD ADA – towards... selling ADA, holding Bitcoin and stablecoins? 🧐

📌 The founder of Cardano has made a controversial proposal: to transfer $100M from the ADA Intersect treasury fund to Bitcoin and stablecoins – citing "financial stability, protecting the ecosystem from price volatility".

📌 However, the community is not easily convinced: With ADA stagnating for an entire year, and TVL and on-chain activity being lackluster, exchanging ADA for high liquidity assets like BTC/USDC raises the question: Is this a governance strategy or a sophisticated capital withdrawal move?

📌 If this proposal is approved, the ADA Treasury will hold Bitcoin and stablecoins – while ADA will be... "diversified" away. At that point, will the governance organization still have the motivation to support ADA, or will it only focus on optimizing its holdings with stronger assets?

📌 Dubbed diversification, but in reality, it is selling ADA to buy assets independent of ADA. And if the founder is the one leading this idea, then the trust of long-term holders is more shaken than ever.