Conor McGregor, the UFC star turned political candidate, has recently proposed a plan to create a Bitcoin reserve in Ireland.

Bitcoin Hits $105K as McGregor Renews Crypto Advocacy. McGregor's call has created interest in the crypto sphere, and we expect further details at his upcoming X Spaces event.

Conor McGregor, the UFC star turned political candidate, has recently proposed creating a Bitcoin reserve in Ireland. Aiming to "give power back to the people," McGregor is backing the idea of an Irish Bitcoin strategic reserve.

McGregor shared on X (formerly Twitter) on the 9th of May, highlighting the initial vision behind cryptocurrency in empowering individuals and suggesting that an Irish Bitcoin fund could help make more people financially independent.

"The Bitcoiners in the house! Who’s ready to make some serious waves in the crypto world? Let’s get this conversation started!"

McGregor's call has sparked interest in the crypto sphere, with further details expected at his upcoming X Spaces event. Demonstrating his zeal to listen to views from influential experts, McGregor contacted leading personalities in the Bitcoin society, such as Anthony Pompliano and David Bailey.

McGregor's renewed interest in cryptocurrency and economic policies follows his visit to the White House, where President of the United States Donald Trump showed support for him. McGregor was also subject to criticism in Ireland following his sexual assault case and guilty verdict. He is appealing the ruling, which has previously put him in the media spotlight for hate speech.

Capitalizing on his previous failures in crypto, McGregor is now arguing for a Bitcoin reserve. Unluckily, however, McLagken REAL could not raise the necessary money to get the token up and yet it was pre-selling. This made the project's failure known to many, as McGregor ended up repaying all the token bidders. However, McGregor opines that more financial freedom can be gained by those in Ireland through Bitcoin.

The timing of McGregor's proposal coincides with the recent surge in Bitcoin's value. Bitcoin's new all-time high of $105,000 has sparked conversation about its financial future.

McGregor is optimistic about Bitcoin's potential future and sees it as a candidate for the reserve currency position. This wouldn't be his first chance to discuss his vision at the X Spaces, where he emphasizes the partnership with the best Bitcoin specialists.

Ireland Yet to Act on Bitcoin Reserves Amid Global Trend

McGregor's proposal has generated notable attention but also discussion due to its ambition and newness. The U.S., El Salvador, Bhutan and other countries are exploring the possibility of holding sovereign Bitcoin reserves.

However, to date, no action has been taken by Ireland in this regard. Yet, McGregor hopes that a Bitcoin reserve could contribute to the resilience of Ireland's currency and allow the nation to gain greater control over money.

On the other hand, HashKey Group, the largest Asian player in digital asset services, has strengthened its position in the market of Ireland. In January, the Central Bank of Ireland granted HashKey's HEL the status of a Virtual Asset Service Provider (VASP).

This approval marks HashKey as Ireland's first VASP to successfully comply with the requirements stipulated by the EU Fifth Anti-Money Laundering Directive (AMLD5).

Government officials and financial bodies in Ireland may examine the developing discussion as McGregor moves briskly ahead with his plans to deploy a Bitcoin reserve. The question of whether McGregor will run for presidency in 2025 has sparked interest among the public.

News data source: kdj.com

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