Article Summary
Ex-UFC champion Conor McGregor has proposed that Ireland construct a national reserve of Bitcoin, aiming to give power back to the people’s money and contesting the presidency as an independent candidate to bring attention to crypto policy. McGregor’s idea is to gather feedback from crypto leaders, like Anthony Pompliano and David Bailey, and discuss the topic in a Twitter Spaces session. However, political and legal challenges, along with questions about credibility and previous unsuccessful crypto projects, may impact the plan’s success.
What This Means for You
- Politicians and celebrities embracing crypto can impact mainstream adoption, showing increased visibility and curiosity in the digital currency space.
- The political process can be shaped by collaborating with experts, highlighting the importance of understanding blockchain technology and its implications for future policy-making.
- Even though McGregor’s plan is unique, potential investors should remain cautious and thoroughly research cryptocurrencies and their potential benefits and risks, especially when it comes to ambitious political initiatives.
- As countries experiment with establishing national Bitcoin reserves, evaluating the feasibility of such projects can help investors navigate the rapidly changing crypto landscape and understand broader economic and regulatory trends.
Original Post
Ex-UFC champion Conor McGregor has suggested Ireland construct a national reserve of Bitcoin. He called on May 9, 2025, in a message posted on X that doing so would give “power back to the people’s money.” He’s contesting the presidency as an independent candidate and would like to turn attention toward crypto policy.
McGregor’s Bitcoin Proposal
In his blog post, Ireland ought to have a reserve of Bitcoin in a strategic reserve. He did not specify where the funding would originate or how much it would cost. He just said that a reserve would put power back into the hands of common citizens. He further mentioned that “crypto in its origin was founded to give power back to the people.” That phrase resonates with the very premise of Bitcoin and decentralization.
Reaching Out To Crypto Leaders
According to reports, McGregor invited experts to collaborate with him. He tagged Anthony Pompliano, host of The Pomp Podcast, and requested feedback. He also contacted David Bailey, an expert who consulted former US President Donald Trump on crypto issues. In his responses, McGregor stated, “Message me and let’s talk on my space” and “David message me, let’s talk about your ideas!” His idea is to conduct a Twitter Spaces session to develop details.
Political And Legal Challenges
Ireland is required to conduct its next presidential election by November 11, 2025, when President Michael D. Higgins’ term ends. Any initiative to establish a Bitcoin reserve would require support from lawmakers and the central bank. Ireland is a member of the European Union, so its monetary policy is connected to the euro. A candidate from a small party who is independent has slim chances of getting a coalition for this notion.
McGregor’s Credibility Issues
Additionally, McGregor is contesting a civil court decision that ruled him guilty of sexual assault. He’s also been investigated on charges of hate speech before. These factors may damage his credibility with the voters.
Track Record In Crypto
McGregor is not inexperienced in crypto projects, but his previous attempt didn’t work out. In early April 2025, the Real World Gaming team conducted a 28-hour presale of a token named REAL. They wanted to raise a minimum of $1 million. They only raised around $392,300 and refunded all buyers. That flop illustrates how challenging it is to get people to support you, even with a celebrity name on it.
Next Steps And Outlook
McGregor says he will reveal more about his X Spaces session in due course. He hasn’t specified a date yet. It’s unknown how many experts will accept his offer. Governments that have established Bitcoin reserves are the US, El Salvador, and Bhutan, but those actions came from the highest government authorities.
A grassroots initiative by one candidate would be unique in Ireland. Voters will decide if they want a fighter-turned-politician handling complex financial policy. For now, McGregor’s plan remains at the idea stage, waiting to be tested in the political arena.
Featured image from Getty Images, chart from TradingView
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Key Terms
- Bitcoin reserve
- Crypto leader
- Twitter Spaces
- Political challenges
- Credibility issues
- Crypto track record
- Grassroots initiative
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