The Polkadot community has seen a split over a proposal to sell 500,000 DOT to create a strategic reserve in Bitcoin.
Bitcoin Strategic Reserve Proposal
The Polkadot community is discussing a proposal put forth by the pseudonymous member 'hippiestank' to create an initial Bitcoin strategic reserve over the course of one year. If the community agrees, the proposal will sell 500,000 DOT tokens and reinvest it into BTC using a dollar-cost averaging strategy.
Reflections on Risks and Timing
While some forum members expressed that a Bitcoin reserve could help cushion the ongoing downturn, others questioned the timing, noting that DOT is trading at one of its lowest prices while BTC remains high. The proposer stated: 'I believe the ‘DOT ATL, BTC ATH’ argument misframes the situation. This proposal is about risk management and operational continuity, not market timing or speculation.'
Critique and the Need for Discussion
However, skeptics demanded further clarification. One community member mentioned, 'I just don’t see how we can do this and for it to really provide any value, short or long term.' They also urged the proposer to involve a wider group of members in discussions before making a final decision.
The proposal for a Bitcoin reserve within the Polkadot community is currently under discussion, with a final decision to be made following a vote from members.
