Polkadot’s community is split over a proposal to convert 500,000 DOT tokens into tBTC using a year-long DCA strategy amid market volatility.
A Polkadot governance proposal to convert 500,000 DOT tokens to Threshold Bitcoin (tBTC) for diversification and long-term stability has received mixed reactions from community members.
While some see Bitcoin (BTC) as a hedge against market uncertainty, others remain skeptical about the timing amid all-time high BTC prices.
In early June, pseudonymous Polkadot community member hippiestank proposed the creation of an initial Bitcoin strategic reserve over the course of one year. Upon consensus from the community, the proposal would sell 500,000 Polkadot (DOT) tokens and reinvest them into BTC using a dollar-cost averaging (DCA) strategy.
