Welcome to the US Crypto News Morning Briefing

Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto to be aware of on Thursday, August 24.

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Good morning, crypto fans. Grab a coffee as we look into what Bitcoin (BTC) could be for one of the countries dealing with US President Donald Trump’s tariff hikes.

Among various macroeconomic concerns, crypto enthusiasts have pointed out Bitcoin’s hedge status in TradFi, as seen in reports by CCXV and Blockware.

Recently, a slew of lawmakers have also been discussing the benefits of Bitcoin for government-level adoption.

Now, one UFC icon is pushing the narrative further with an appeal to Irish people and officials to adopt the flagship cryptocurrency.

Crypto News of the Day: Ireland Should Be Putting Its $114 Billion Sovereign Fund in Bitcoin, Keiser Says

Conor McGregor recently called for the Irish government to create a national Bitcoin strategic reserve to put the power of money back in the hands of the people.

“An Irish Bitcoin strategic reserve will give power to the people’s money,” McGregor said on X.

The UFC fighter, who is also an Irish national, has urged Max Keiser and El Salvadoran President Nayib Bukele to organize a meeting that could give Ireland a taste of Bitcoin.

“Max and [email protected] send me a message and let’s organise a meeting,” McGregor urged in a post.

A recent US Crypto News publication indicated that Max Keiser was pivotal in El Salvador’s adoption of Bitcoin. Keiser’s X (Twitter) account profile features a picture of himself, his wife Stacy Herbert, Strategy’s Michael Saylor, and President Bukele.

Now, the Bitcoin veteran joins McGregor in calling out financial corruption in Ireland after exposing the country’s financial corruption in a 2023 exposé.

Hotspots: Ireland [April, 2011]

The meeting’s agenda includes the need for Ireland to allocate money to Bitcoin. According to Max Keiser, Ireland, which is developing a sovereign wealth fund, is planning to invest up to 10 billion euro ($114 billion) from the US in a sovereign wealth fund.

“Ireland has a chance to avoid financial ruin by putting their entire 114 billion Euro windfall into an Irish Bitcoin Strategic Reserve Fund,” Keiser told BeInCrypto.

The general sentiment is that financial corruption in Ireland can be eliminated with efficient systems. Based on this, McGregor, with the help of Keiser and President Bukele, aims to replicate what El Salvador did.

Like McGregor, Max Keiser encourages the North Atlantic Ocean-based Island to create a strategic Bitcoin reserve to guarantee long-term economic independence.

“Holding anything else is 100%, mathematically guaranteed to lose purchasing power against Bitcoin and therefore Ireland would be guaranteed to lose relative to all countries and companies now creating BSR funds as the world adopts a Bitcoin Standard,” Keiser added.

Speaking to BeInCrypto, Max Keiser also articulated that sidestepping Bitcoin could see Ireland lag behind other countries that are only growing their crypto adoption.

“It’s like gun powder. If you don’t embrace the power of gun powder, be prepared to be taken over by countries that do,” Keiser concluded.

Chart of the Day

The chart displays the El Salvador government’s portfolio, highlighting its Bitcoin holdings. It shows a total value of approximately $642.18 million, with 6,174 BTC for $104,011 per Bitcoin.

Byte-Sized AlphaHere’s a summary of more US crypto news to follow today:Crypto Equities Pre-Market Overview