Conor McGregor Proposes Irish Bitcoin Reserve for Presidential Bid

Irish political candidate and former UFC champion, Conor McGregor, has proposed establishing a Bitcoin reserve in his country as part of his presidential bid. He believes this would empower citizens with greater control over their finances, citing crypto’s origins for supporting this idea. McGregor outlined these plans on X, inviting experts to discuss the details on his upcoming space. Prominent figures in the Bitcoin industry have responded, including David Bailey, a US President Donald Trump’s crypto advisor. McGregor’s proposal has sparked interest but faces significant challenges, as it remains unclear if an independent party can create such a reserve. The potential for establishing a Bitcoin reserve is limited to countries with regulatory progress, and Ireland hasn’t done so yet. McGregor’s political journey has gained traction following his meeting with former US President Donald Trump, but he continues to face scrutiny regarding sexual assault allegations and hate speech investigations. This proposal follows a recent failed attempt by his REAL project to raise funding for crypto tokens, highlighting the challenges of securing financial support for such initiatives.