Recent bitcoin drop isnt doing them any good. As far as i know they are getting a lot of funding with bitcoin and unfortunately they are loosing money in recent days. They should really think about when they will withdraw their found.
Maybe they are lucky and the price will go up again. No one can predict what will happen now as the fight is going on between BTC and BTH.
They should definitely get a good investment strategy in place for all the funds they collect. Maybe convert even some of it to FIAT could be a viable option. I don't think Bitcoin will drop very low but what if it does? They should diversify.
Converting a part of the raised amount to fiat after certain time periods might be a good idea, so that the project isn't completely dependent on the volatility of the market.
of course the will convert to fiat. not everyone likes to get paid in crypto.
I am not talking about the conversion to fiat on demand because of contractors. I am talking about the hedging against a price drop of cryptocurrencies and a threat to run out of funds which were once existent. I hope the team makes the right decisions as I want to see the platform become reality.
You need to strike the right balance to always have sufficient liquidity secured to keep the development of the project going. Therefore it can make sense to reduce volatility risks emerging from crypto by transferring some of the money into FIAT.
