Conor McGregor urges Ireland to create Bitcoin reserve
Conor McGregor calls for Bitcoin reserve to protect Irish citizens from fiat risks.
UFC icon Conor McGregor is advocating for Ireland to establish a Bitcoin strategic reserve, aligning with growing interest in state-held crypto assets worldwide.
McGregor made the proposal via a Twitter post on May 10, framing Bitcoin as a means to return financial power to ordinary citizens, reports CoinGape.
The move comes as countries like Germany and Switzerland already integrate Bitcoin into their sovereign strategies, raising questions about Ireland’s stance on digital assets. McGregor emphasized that such a reserve could shield Irish citizens from potential fiat currency devaluation while promoting greater financial autonomy. His proposal also aligns with broader discussions in the European Union regarding digital assets as hedges against inflation and economic instability.
Celebrity Influence Meets Bitcoin Policy Debate
McGregor’s call for a national Bitcoin reserve comes amid his evolving interest in the crypto sector, including a failed meme coin launch last month. Despite the project’s decline, McGregor’s latest statement garnered over 735,000 views within hours, bringing Bitcoin back into the Irish political conversation. Analysts suggest that McGregor’s influence could amplify public interest in state-level Bitcoin initiatives, though Irish officials have yet to respond.
Additionally, some crypto advocates argue that McGregor’s backing could serve as a catalyst for mainstream adoption, drawing attention from institutional investors and retail traders alike. However, critics question whether a celebrity endorsement is enough to push policymakers toward implementing a national Bitcoin reserve strategy.
Meme Coin Market Remains Resilient Despite Failures
McGregor’s involvement in the meme coin market, marked by the short-lived REAL token, has not deterred investors from the sector. As of May 10, the meme coin market cap reached $59.73 billion, a modest 2.34% increase from the previous month. Despite setbacks, the market remains robust, fueled by renewed interest in celebrity-backed projects and speculative trading.
Analysts note that while meme coins often lack the fundamentals of established cryptocurrencies, they continue to attract traders looking for quick gains. Meanwhile, McGregor’s failed venture raises questions about the sustainability of celebrity-driven crypto projects and whether such endorsements truly add value to the underlying assets.
Recently we wrote that Robert Kiyosaki, author of Rich Dad Poor Dad, is once again warning against centralized monetary policies, urging followers to ditch fiat currencies in favor of Bitcoin, gold, and silver.
