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Cryptocurrency News Articles

Conor McGregor Proposes Bitcoin Reserve for Ireland as Part of His Independent Presidential Campaign

May 12, 2025 at 05:24 pm

The former UFC champion has updated his campaign website to include a section on his Bitcoin reserve proposal.

Former UFC champion Conor McGregor is proposing that Ireland establish a national Bitcoin reserve as part of his independent presidential campaign.

The fighter-turned-politician is also reaching out to crypto industry leaders to provide input on his proposals.

Among those tagged by McGregor were Anthony Pompliano, host of The Pomp Podcast, and David Bailey, who previously advised former US President Donald Trump on crypto matters.

McGregor invited these experts to join him for discussions on X (formerly Twitter) Spaces.

“Message me and let’s talk on my space” and “David message me, let’s talk about your ideas!” he urged them.

McGregor is set to meet with El Salvador’s President Nayib Bukele to discuss Bitcoin adoption for Ireland. According to American journalist Max Keiser, the meeting will be held at the Bitcoin Nation State Summit, with an Irish Strategic Bitcoin Reserve as a key agenda item.

“The nation state Saylor play can be rolled out in Ireland. This would be TOPIC No. 1 at the Bitcoin Nation State Summit Between President Bukele & Conor McGregor,” said Keiser.

El Salvador has been a major focus in the global narrative of national Bitcoin adoption. Despite pressure from institutions like the International Monetary Fund, Bukele’s administration continues to buy Bitcoin at a rate of one BTC per day.

Beyond Bitcoin, McGregor expressed interest in various cryptocurrencies.

“I can see lots of transparent and trustless applications within crypto, and I can see an immutable people’s money with Bitcoin,” he added.

Cardano founder Charles Hoskinson has reportedly reached out to meet with McGregor, though no meeting has yet been confirmed.

Reports suggest that McGregor may be pursuing both a Strategic Bitcoin Reserve and a broader Digital Asset Stockpile of select cryptocurrencies.

The next presidential election in Ireland must be held by November 11, 2025, when current President Michael D. Higgins’ term ends.

Any initiative to establish a Bitcoin reserve would face hurdles, requiring support from lawmakers and the central bank.

As a European Union member, Ireland’s monetary policy is tied to the euro, adding complexity to any Bitcoin reserve proposal. An independent candidate like McGregor would need to build a broad coalition to advance such a policy.

McGregor’s campaign faces other challenges. He is contesting a civil court decision that found him guilty of sexual assault and has previously been investigated for hate speech. These issues may undermine his credibility with voters.

The crypto world is familiar territory for McGregor, though his track record shows mixed results. In early April 2025, the Real World Gaming team conducted a 28-hour presale of a token named REAL with McGregor’s backing. Despite aiming to raise a minimum of $1 million, they collected only about $392,300 and refunded all buyers.

Currently, Bitcoin is trading at approximately $104,529. Only a few governments have established Bitcoin reserves, including the US, El Salvador, and Bhutan. These initiatives came from established government authorities, making McGregor’s grassroots campaign approach unusual.

Irish voters will ultimately decide if they want a fighter-turned-politician handling complex financial policy. For now, McGregor’s plan remains conceptual as he prepares for further discussions with crypto experts and his meeting with President Bukele.

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Other articles published on May 13, 2025