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Home Cryptocurrency

Conor McGregor doubles down on an Irish strategic Bitcoin reserve, tags Nayib Bukele ‘let’s chat’

by FeeOnlyNews.com
5 months ago
in Cryptocurrency
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Conor McGregor doubles down on an Irish strategic Bitcoin reserve, tags Nayib Bukele ‘let’s chat’
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Former UFC champion and Irish presidential hopeful Conor McGregor is doubling down on his vision for an Irish strategic Bitcoin reserve. On May 30, he took to X to pledge a “decentralised blueprint for sovereignty,” stating that Germany had “dropped the ball,” and promising that “Ireland will not.”

He also tagged El Salvador’s president Nayib Bukele, with the words, “let’s chat,” a message that Bukele later reposted from his account.

The post follows a flurry of action from McGregor over recent weeks after publicly promising to take the conversation about a strategic Bitcoin reserve to the mainstream. On May 9, CryptoSlate reported that McGregor had taken to X with a post that quickly received hundreds of thousands of views, stating:

“Crypto in its origin was founded to give power back to the people. An Irish Bitcoin strategic reserve will give power to the people’s money. I will be cohosting a Twitter space to talk about what I want to see changed. Victory to Ireland!”

McGregor seeks to align Ireland with other nations that have embraced Bitcoin at a sovereign level, drawing inspiration from El Salvador’s move to make Bitcoin legal tender and establish a national reserve.

His campaign has rapidly evolved from a discussion about Bitcoin and digital assets to a broader debate about Ireland’s financial independence. Several prominent Bitcoin advocates have taken note, including Anthony Pompliano, host of The Pomp Podcast, and David Bailey, CEO of BTC Inc., both of whom expressed interest in collaborating.

Despite substantial tailwinds and favorable price momentum, the path to establishing a national Bitcoin reserve is not smooth. Ireland remains firmly entrenched within the European Union’s monetary framework, and any move to hold Bitcoin as a sovereign asset would require unprecedented coordination with EU institutions and the Irish Central Bank.

McGregor’s proposal arrives at an important moment not just for Ireland but humanity at large. As digital assets gain prominence in global finance, his call for an Irish strategic Bitcoin reserve challenges traditional monetary institutions, advocating for a new era of financial sovereignty.

McGregor’s willingness to engage with digital asset policy has brought Bitcoin into the national spotlight. Whether or not his vision for an Irish strategic Bitcoin reserve gains traction, the debate he has opened is likely to shape discussions around digital assets and financial independence in Ireland for years to come.

As the presidential election, which is set for no later than November 11, approaches, McGregor’s campaign will continue to test the boundaries of crypto and politics, both in Ireland and across Europe.

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