McGregor proposes Bitcoin reserve in Irish presidential campaign
A call to create a strategic Bitcoin reserve in Ireland has become a key talking point in Conor McGregor’s presidential platform.
Conor McGregor has proposed the creation of a national Bitcoin reserve for Ireland, calling it a move to return financial power to the people.
The former UFC champion announced his independent candidacy for president in March. He shared the Bitcoin proposal in a post on X, linking it to crypto’s core values of decentralisation and empowerment.
His proposal comes during a sharp upswing in the Bitcoin market, with the cryptocurrency recently surging to over $104,000. McGregor aims to host a public X Spaces discussion, inviting major Bitcoin figures to help shape the plan.
Crypto influencers Anthony Pompliano and David Bailey have already shown interest, and McGregor responded positively to their involvement.
Despite the bold idea, the path forward is uncertain. Ireland has never explored a sovereign Bitcoin reserve, and implementing such a strategy could face political and regulatory resistance.
McGregor’s credibility in the crypto space is also under scrutiny. His previous blockchain venture, REAL, collapsed after failing to meet its funding goal and was forced to refund investors. Legal challenges, including an appeal against a civil assault conviction, further complicate his campaign.
Bitcoin, meanwhile, is holding above $103,000 after peaking at $104,765. However, momentum is weakening, with RSI and MACD indicators suggesting reduced buying pressure. If the price drops below $103,000, further downside may follow. For now, traders are watching key support levels closely.
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