🚨 Cardano founder wants to spend $100M from the treasury.
To buy… Bitcoin and stablecoins.
ADA plunged 6% after the proposal.
Why is this shaking the crypto world? Let’s unpack it.
Charles Hoskinson suggested allocating 140M ADA (~$100M) from the Cardano treasury.
The goal?
⚡ Boost DeFi
💰 Accumulate BTC
🪙 Support native stablecoins (USDM, USDA, iUSD)
Sounds bold. But not everyone’s impressed.
The intentions are clear:
Cardano DeFi is struggling.
Stablecoins are underused.
Liquidity is thin.
This move aims to inject capital, visibility, and use cases.
But…
The execution? Questionable.
🟥 Centralized decision-making
🟥 No clear governance process
🟥 Risk of depleting treasury without long-term ROI
This isn’t a DAO vote. It’s a founder’s tweet.
Why buy BTC instead of doubling down on Cardano-native assets?
Critics say it’s:
— A hedge against ADA underperformance
— A PR stunt to chase Bitcoin hype
— A betrayal of ecosystem self-reliance
The result?
$ADA tanked 6% in hours.
Investors fear treasury mismanagement.
Sentiment is split:
🟢 “Finally some action!”
🔴 “This is reckless and undemocratic.”
Let’s zoom out:
Treasury funds are sacred.
They fuel dev grants, ecosystem growth, and long-term resilience.
Using them to buy the dip or make a bet?
That’s a high-risk shift in philosophy.
Whether it passes or not, the proposal exposes key issues:
— Who controls Cardano?
— How should public goods be governed?
— Is DeFi worth a $100M bet?
Cardano is at a crossroads.
🚧 Trust in governance
⚖️ Balance between vision and risk
🤔 Can DeFi be jump-started with treasury money?
What’s your take: bold leadership or dangerous centralization?
Follow me @Imy191Man for sharp crypto insights.
