Finally, I'm genuinely concerned that deciding to build such a BTC reserve fund could make a project's community doubt its potential and true goals. It might signal a lack of confidence in their native token and their own mission. This could potentially trigger a sell-off of their native token, plunging the project into crisis even before it officially fails and disappears.
That's just the language that says "Don't put the whole of your eggs in one basket". So I wouldn't say they're not confident with their own coin projects rather they're diversifying their investments in the crypto market.
Don't feel doubt that these token developers are highily bitcoin enthusiasts who had formally accepted bitcoin for what it's as a whole and had technically studied the bitcoin blockchain and were able to adapt that creative urge of developing related coins alike bitcoin even though they haven't been successful to invent one that'd posses as bitcoin.
What I'm saying in essence here's that bitcoin got every other coins developers inspired and on before they undergoes the journey of developing their own crypto coins, they've been Investing and technically studying the bitcoin in an overview.
So they aren't likely anti bitcoineers and don't be surprised, those critics criticizing bitcoin may have got portfolios in the bitcoin blockchain but won't say it out.
If the governments and those big global companies can accept and have their funds reserve on bitcoin, who's the common one that's only developing mimicking projects not to invest on the bitcoin the greatest of all?
So I don't find coin developers strange if learn they've portfolios on bitcoin. Of course the decentralized industry is focused on financial freedom so anyone learned with digital technology won't even resist bitcoin.
