$ADA Charles Hoskinson proposes "diversification" of 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 to Bitcoin and stablecoins – with the reason of "financial stability, protecting the ecosystem from price volatility".

📌 But the community is not easily convinced: With ADA stagnating for a whole year, and TVL and on-chain activity being bleak, 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... have been “diversified”. At that point, will the governance organization still have the motivation to support ADA, or will it only focus on optimizing the portfolio with stronger assets?

📌 It’s called diversification, but in reality, it’s 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.