Today we will talk about a man. About a myth. About a man who decided that the treasury is not just a chest of gold, but an 'upgrade' button. His name is Charles Hoskinson. You may know him as the guy in the hat, the academic dreamer who built Cardano — a blockchain for those who read white papers, not memes.
And here he comes back — not with another philosophy of Plato, but with a proposal to sell 140 million ADA from the treasury. About 100 million dollars — to buy bitcoin and stablecoins. This is not a Netflix movie script. This is Cardano 2025.
Deal of the century… or a deal of desperation?
“Guys, let's sell ADA and buy bitcoin!” — he said, and at that moment fishermen from Solana and farmers from Ethereum raised their eyebrows.
“Wait, are you sure it's 2025 and not 2021?” — someone from the forum asked. But no. This is not a joke. This is an official proposal.
Goal? Strengthen DeFi on Cardano. Well, what else? If you don't have stable stablecoins, how do you plan to build a financial empire?
How will you give a microloan to your mom or tokenize your coffee shop if you don't have a dollar on the blockchain?
And Charles says: “We will fix this. We will buy USDM, USDA, iUSD, and a bit of bitcoin for good measure.”
ADA, like a teenager on a first date, dropped by 6%.
Why? Well, first of all, nobody likes to be told:
“We are going to sell a bunch of tokens, but don't panic, we will do it carefully.”
It's like if the captain of the 'Titanic' said:
“We will hit the iceberg very slowly. Everything is under control.”
Investors see this and shout: “Dump! Dump!”
And traders with bipolar disorder start placing shorts in Predator style with lasers.
Community debates: Carthage must be destroyed, and Hoskinson should be approved or overthrown?
The Cardano community is divided.
One half thinks: “This is brilliant! It's a strategic upgrade for DeFi.”
The other half says:
“He has lost his mind! We are on the verge of a bull market, and he is selling ADA like it's cookies at a garage sale!”
This whole thing reminds us that in crypto, no one is calm, even if you hold 'the most scientific coin' in the universe.
Five reasons why this is brilliant… if it works:
1. ADA will become less, but more valuable. (In theory. Like gold.)
2. DeFi on Cardano will get a real stablecoin. (Not one that is held together by hopes and dreams.)
3. The treasury will make money, not just sit there like dead weight.
4. DeFi liquidity will emerge, and maybe Cardano will stop being called 'the PowerPoint presentation blockchain.'
5. It's better than sitting and waiting for Solana to crash again.
But the risks? What about them?
Front-running, price drops, discontent among delegators, and the risk of a repeat of the drama like with Terra Luna.
Because if you buy stablecoins in an ecosystem that is not yet strong, you are literally investing in promises.
And if this experiment fails — ADA may drop not by 6%, but by 60%.
And Charles? Well, he will return to Colorado, to his bison farm, and say:
“Well, at least we tried.”
