Irish MMA superstar Conor McGregor has made headlines once again, this time for endorsing the establishment of a Bitcoin reserve in his home country. McGregor, who is also a political candidate for the Irish presidency, believes that a Bitcoin reserve could empower the people by giving them control over their money.

In a message to X on May 9, McGregor expressed his support for the idea, stating, "Crypto in its origin was founded to give power back to the people. An Irish Bitcoin strategic reserve will give power to the people’s money." The former UFC champion hinted at discussing his plans further in an upcoming X spaces session, drawing attention from key figures in the Bitcoin industry.

McGregor's call for collaboration on the BTC reserve project attracted responses from influential figures like Anthony Pompliano, host of The Pomp Podcast, and David Bailey, a crypto advisor to former US President Donald Trump. McGregor emphasized the need for expertise, stating, "We need the greatest minds for this BTC Reserve. Message me and let's chat on my space."

The idea of establishing a Bitcoin reserve in Ireland, especially under McGregor's independent political platform, presents significant challenges. While countries like the US, El Salvador, and Bhutan have made progress in adopting Bitcoin reserves, the process involves complex regulatory and logistical considerations.

McGregor's political ambitions have been met with a mix of support and criticism. His candidacy for the Irish presidency, focused on anti-immigration policies and crime prevention, has raised eyebrows within the Irish political landscape. Additionally, recent legal issues, including a civil case involving sexual assault allegations and investigations into hate speech crimes, have added scrutiny to McGregor's public image.

This initiative for a Bitcoin reserve follows McGregor's previous crypto venture, the REAL project, which failed to meet funding targets in its token launch pre-sale. Despite McGregor's efforts, the project only raised a fraction of its intended goal, leading to a full refund for token bidders.

As McGregor continues to navigate the intersection of sports, politics, and cryptocurrency, his advocacy for a Bitcoin reserve in Ireland underscores the growing interest in digital assets as tools for financial empowerment and innovation. The outcome of McGregor's political journey and his vision for a Bitcoin reserve will be closely watched by supporters and critics alike in the coming months.

Source: https://cointelegraph.com/news/ex-ufc-champ-conor-mcgregor-touts-irish-bitcoin-reserve?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound