After nearly a decade of ups and downs in the Crypto Assets field, you might think you have seen all the industry's facets, but there will still be jaw-dropping new situations emerging. I recently watched a video talk by Cardano founder Charles Hoskinson, and the content was profoundly thought-provoking. Hoskinson discussed the strategy of converting alternative Tokens in the Cardano treasury into Bitcoin, and this statement has attracted widespread follow.

There are three main reasons why this video is surprising. First, Hoskinson actually admitted that the cryptocurrency he founded struggled to compete with Bitcoin when it came to long-term stores of value. He hinted that an effective way to create lasting economic value is to reduce altcoin assets and increase holdings of Bitcoin, which seems to indicate that even altcoin founders recognize the non-fungible nature of Bitcoin.

Secondly, Hoskinson's viewpoint indicates that he understands the strategic actions being implemented by Bitcoin treasury companies. These institutions acquire Bitcoin by selling stocks, while crypto asset foundations can similarly exchange their own tokens for Bitcoin. This strategic concept was first proposed by Pierre Rochard in 2014 and has since become one of the key ideas driving the widespread adoption of Bitcoin.

The third point may be the most thought-provoking – the outstanding performance of Bitcoin treasury companies has become so remarkable that it cannot be ignored. Take Metaplanet as an example, Simon Gerovich, Dylan LeClair, and their team have created one of the best-performing stocks in the world.