Solana Labs Co-Founder Calls Cardano’s BTC Treasury Strategy “Dumb” Approach

Solana Labs co-founder Anatoly Yakovenko has criticized Cardano founder Charles Hoskinson’s proposal to convert portions of the Cardano treasury into Bitcoin and stablecoins. He called the strategy “so dumb” and questioned why projects would hold Bitcoin on behalf of token holders. Yakovenko’s response came after Hoskinson outlined plans to convert 5-10% of Cardano’s $1.2 billion […] The post Solana Labs Co-Founder Calls Cardano’s BTC Treasury Strategy “Dumb” Approach appeared first on Coin Edition.