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.
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.
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.