Founder of Cardano proposed to convert 100 million dollars into Bitcoin

Charles Hoskinson proposed to convert USD 100 million into Bitcoin to strengthen its DeFi ecosystem, generating divided opinions within the crypto community. Charles Hoskinson, the founder and leader of Cardano, has made a proposal that has sparked controversy in the blockchain network community: to convert 100 million dollars from the network's treasury into Bitcoin (BTC).

While Hoskinson's initiative aims to strengthen the DeFi capabilities of the platform, criticism has not been long in coming from some prominent figures in the industry. One of them has been the co-founder of the Solana network, Anatoly Yakovenko, who described the initiative as 'very foolish,' arguing that it reflects poor fund management and sends a negative message to the Cardano community.

For his part, Hoskinson defends the measure as a bold decision that can improve Cardano's position in an increasingly saturated market, amid a context of growing competition in the cryptocurrency sector. Additionally, the proposal aims to address certain issues related to its stablecoin ecosystem.#BTCbelow100k