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Is Cardano's Plan To Convert Part Of ADA Treasury Into Bitcoin A Wise Move? - Data Intelligence
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Is Cardano's Plan To Convert Part Of ADA Treasury Into Bitcoin A Wise Move? - Data Intelligence
The following is a guest post and analysis from Shane Neagle, Editor In Chief fromThe Tokenist. On June 13th, Charles Hoskinson, the co-founder of Ethereum (ETH) and founder of Cardano (ADA), made a bold proposition. In order to put Cardano on the decentralized finance (DeFi) map, the blockchain ecosystem should establish a sovereign wealth fund. Specifically, to convert 5–10% of the ADA treasury (~$1.2 billion) into harder assets such as Bitcoi…
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