The crypto world was recently shaken by strong criticism from Solana co-founder Anatoly Yakovenko. In a bold statement, the Solana founder slams Bitcoin reserve idea, arguing that altcoin projects holding Bitcoin as a treasury asset is “so dumb.” His comments reignited the debate on how altcoin teams should manage their funds and long-term sustainability.
Why the Solana Founder Slams Bitcoin Reserve Idea
Anatoly Yakovenko took to X (formerly Twitter) to voice his sharp disagreement with a growing trend: altcoin projects converting part of their treasuries into Bitcoin. He questioned the rationale, stating:
“Why would a community want a team to hold BTC on their behalf? Everyone can buy it themselves. Why pay someone else to HODL for you?”
The Solana founder slams Bitcoin reserve idea because he believes it distracts from core development goals. In his view, altcoin projects should instead hold enough stable assets to survive at least 36 months without relying on speculative reserves.
Cardano’s Strategy Sparks Controversy
The criticism was widely interpreted as a response to Cardano founder Charles Hoskinson, who recently proposed converting $100 million in ADA into Bitcoin and other real-world assets. The goal: to build a decentralized reserve that generates yield and sustains the network.
This move, however, contrasts sharply with Solana’s philosophy. As the Solana founder slams Bitcoin reserve idea, he argues that relying on external cryptocurrencies like BTC weakens a project’s commitment to its own ecosystem and token.
Altcoin Treasury Strategy: Two Diverging Views
Solana’s View:
- Focus on survival funding.
- Hold USD or stable, low-risk assets.
- Reinvest in development and engineering.
- Avoid speculative reserves like BTC.
Cardano’s View:
- Build an autonomous reserve for long-term growth.
- Use Bitcoin as a digital gold asset.
- Generate passive yield from a mixed treasury model.
The clash shows how deeply divided altcoin leadership is on treasury management. The fact that the Solana founder slams Bitcoin reserve idea reveals a growing tension between development-focused vs. investment-driven treasury philosophies.
Community Reactions and Industry Impact
The debate sparked intense discussion on social media and among blockchain developers. Some agreed with Yakovenko’s practicality, while others defended Cardano’s proactive reserve model.
Critics of the Solana stance argue that holding Bitcoin could stabilize altcoin treasuries during crypto winters. But Yakovenko remains unconvinced, emphasizing sustainability through self-reliance and operational funding.
Final Thoughts: Building on Trust or Speculation?
As the Solana founder slams Bitcoin reserve idea, he invites the broader crypto community to reflect on a fundamental question: Is it wiser to build on your own tech stack and vision – or bet on Bitcoin as a hedge?
With treasury management now a hot topic, altcoin projects may need to rethink how they balance decentralization, growth, and financial discipline.
