[DAO: QmU4mqW] Acquiring Bitcoin as a Long Term Treasury Asset

by 0x0636211443e91468ee3657e1d7faede7059c4843 (govUK)

Allocate a % of stablecoin balance to buying Bitcoin. Potentially from USDT holdings, following this proposal to migrate to other stablecoins - the DAO owns +$1M USDT, a really SUSSY coin

Logic ; Simply, Bitcoin is the best form of money ever invented. The Treasury should have exposure to Bitcoin and in doing so would reduce overall volatility of the Treasury.

  • Acquire Bitcoin as a Long Term Treasury Asset.
  • No, do not acquire Bitcoin.
  • Invalid question/options

Vote on this proposal on the Decentraland DAO

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The idea of my original proposal was to move a stablecoin to another stablecoin. Bitcoin is not stable.


Even though I like this idea from a vision and economic perspective, I don’t think the DAO Treasury can hold bitcoin at least in its current state, as the Gnosis safe only supports Ethereum-based assets.

1 Like

Acquiring Bitcoin as a Long Term Treasury Asset

This proposal is now in status: REJECTED.

Voting Results:

  • Acquire bitcoin as a long term treasury asset. 29% 148,380 VP (6 votes)
  • No, do not acquire bitcoin. 7% 38,951 VP (4 votes)
  • Invalid question/options 40% 203,045 VP (5 votes)

Bitcoin the largest cryptocurrency by market cap , is a risky investment with high volatity.
It should only be considered if you have a high risk tolerance, are in a strong financial position and can afford to lose any money you invest in it.