Solana’s Yakovenko slams Cardano’s 100 million USD Bitcoin treasury move as “dumb”—should altcoins bet on BTC?

Anatoly Yakovenko criticized Cardano founder Charles Hoskinson’s plan to convert 100 million USD from ADA’s treasury into Bitcoin, calling it ‘dumb.’ Yakovenko suggests that altcoin projects should maintain funds in short-term U.S. Treasury bills.

While Yakovenko stands against holding Bitcoin for altcoin projects, Hoskinson argues the conversion could benefit Cardano’s ecosystem. The community remains divided on the best treasury management strategies for altcoins like ADA and their future interactions with BTC.