Cardano's Charles Hoskinson Suggests Swapping $100M of ADA for Bitcoin, Stablecoins

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Cardano co-founder Charles Hoskinson has floated the idea of converting $100 million worth of ADA tokens into bitcoin BTC and stablecoins. "We could take $100 million of ADA in the treasury, convert it to a blend of stablecoins incumbent in Cardano so USDM and USDA and convert some of it in bitcoin to prime bitcoin DeFi," Hoskinson said on a YouTube live stream . He then hit back at critics that claimed a $100 million sale would impact the price of ADA, calling them "inexperienced" before adding...