Wish for Change | Polkadot Treasury Bitcoin Strategic Reserve

This is a chart with which we are all familiar. DOT vs BTC. To be honest, this chart is likely similar for the vast majority of alts on a longterm timeline.

Much like we have already done to stabilize our treasury by DCAing into stable coins such as USDC and USDT, I propose that we set aside 1 million DOT to engage in the same diversification strategy by slowly accumulating Bitcoin.

While we are all DOT bulls at heart, many of us came to crypto through Bitcoin, and it has demonstrated that it is the apex predator of all digital assets. Over the last year, we have witnessed its newfound legitimacy among TradFi through the creation of the ETFs, and we are on the cusp of numerous states here in the U.S. (if not the whole country itself, as well as other nationstates) beginning to accumulate their own "Bitcoin Strategic Reserves." It would be wise for us as a community to do the same.

Over the coming years, this will provide a solid foundation for our treasury's value, and if we were ever in dire need due to running low on DOT or stables, we could tap into this value by converting it back into one of those two options. The main objective, however, would be to accumulate with the goal of not selling in an effort to drive the overall treasury value higher.

I defer to the Hydration team when it comes to which wrapped version of the asset we should accumulate, as this would likely be dependent upon a number of factors such as the depth of liquidity in the Omnipool. I would also defer to someone else to create and implement the actual design of the technical proposal that would allow this to happen in a trustless way should the community agree to the wisdom of adding Bitcoin to our overall treasury reserves.

Grateful for your consideration in this matter,

Your resident Polkadot Bitcoiner, Phunky