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Solana CEO Slams Cardano $100M BTC Plan as Risky and Misguided

cryptonews100_tggfrn by cryptonews100_tggfrn
June 16, 2025
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Solana CEO Slams Cardano $100M BTC Plan as Risky and Misguided
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TLDR

  • Solana Labs CEO Anatoly Yakovenko opposed Cardano’s plan to transform $100M ADA into Bitcoin and steady property.
  • Yakovenko acknowledged altcoin groups mustn’t handle Bitcoin for customers and ought to deal with low-risk property like U.S. Treasury payments.
  • Cardano co-founder Charles Hoskinson defended the plan as a yield technique to develop the treasury and purchase again ADA.
  • Hoskinson mentioned the technique might proceed yearly for five–10 years, probably increasing the treasury to over $1 billion.
  • Polkadot neighborhood additionally proposed changing DOT into BTC by way of tBTC, aiming to diversify its treasury and scale back volatility.

Solana Labs CEO Anatoly Yakovenko has criticized Cardano’s technique of changing ADA into Bitcoin and different steady property. He acknowledged altcoin initiatives mustn’t handle BTC holdings on behalf of their customers. As an alternative, he beneficial holding short-term property like U.S. Treasury payments to safe operational funds.

Yakovenko’s remarks adopted Cardano co-founder Charles Hoskinson’s suggestion to transform $100 million price of ADA into Bitcoin. The plan aimed to generate yield and develop the Cardano treasury over time. Yakovenko responded by arguing that people, not challenge groups, ought to handle their very own Bitcoin.

That is so dumb. Tasks ought to hold 18-36 months of submit kill listing runway briefly time period tbills however that’s about it. Why would anybody desire a crew to purchase and maintain bitcoin for them once they can do it themselves? Why pay for all these coconuts.

— toly 🇺🇸 (@aeyakovenko) June 16, 2025

The Solana government asserted that altcoin groups are accountable for monetary stability, not speculative investments. He emphasised that holding BTC exposes customers to pointless dangers. Yakovenko believes operational property ought to prioritize predictability, not volatility.

Cardano Pushes Forward with Treasury Diversification

Cardano’s management has proposed changing ADA into Bitcoin to diversify its treasury and generate long-term returns by yield. Hoskinson claimed this technique wouldn’t negatively affect Cardano’s ecosystem. As an alternative, he believes it might probably develop the fund to over a billion {dollars}.

The proposal contains changing ADA into BTC and steady property and persevering with this course of yearly for 5 to 10 years. Hoskinson asserted that the returns would assist ADA buybacks and strengthen the ecosystem. He maintained that the technique might present a sustainable monetary base for Cardano.

Cardano’s strategy follows a agency perception in competing with Bitcoin’s dominance within the digital asset house. Hoskinson acknowledged Bitcoin was not the one legitimate sound cash blockchain. He reaffirmed Cardano’s place as the first contender to overhaul BTC in the long term.



Polkadot Neighborhood Additionally Eyes BTC Reserves

The Polkadot neighborhood has proposed changing DOT into BTC and stablecoins by a structured plan utilizing tBTC and the Hydration platform. The technique contains altering 500,000 DOT into tBTC over one yr to create a diversified reserve. Proposers imagine BTC will assist scale back volatility and shield treasury worth.

Neighborhood members urged introducing liquidity into the Omnipool whereas sustaining transaction effectivity with an additional DOT reserve. The strategy includes changing DOT right into a collateral token to earn yield and assist borrowing. This could enhance DOT availability and treasury efficiency.

Polkadot’s proposal emphasizes transparency, decentralization, and sustainability. By incorporating BTC into the treasury, Polkadot goals to create long-term capital energy. The plan aligns with earlier diversification steps, together with the usage of USDT and USDC in treasury administration.





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