Polkadot can create a bitcoin reserve
The Polkadot community proposed to convert 500,000 DOT into tBTC — the equivalent of bitcoin on the Ethereum network. The operation will take place over the course of a year using a DCA strategy (dollar-cost averaging with small purchases).
Thus, the team intends to create a BTC reserve for the project's treasury and reduce risks in conditions of market uncertainty. According to the author of the initiative, this is a signal to the market that Polkadot believes in a multi-chain future — and in the strength of bitcoin.
