UFC -Superster Conor McGregor has endorsed the idea of an Irish Bitcoin strategic reserve, which leads to renewed debate about the financial future of the country and the role of digital assets in its national policy.
In one Post on X That collected more than half a million views within a few hours, McGregor wrote:
“Crypto in its origin has been established to give the power back to the people. An Irish Bitcoin strategic reserve will give power to the money of the people. I will make a Twitter space Cohost to talk about what I want to see changed. Victory to Ireland!”
McGregor who throws its considerable weight behind such a policy entails a conversation that is usually reserved for crypto enthusiasts and policy makers in the mainstream. By freshening Bitcoin as a way to authorize ordinary Irish citizens, he elevates the subject to the wider audience. His announcement of a Twitter room on it shows his intention to keep the conversation going and possibly influence decision makers at an important time for digital asset acceptance in Europe.
What is a strategic Bitcoin reserve and how can Ireland benefit?
The concept of a strategic Bitcoin reserve is nothing new, but it remains largely controversial and not tested in established economies. In this context, a strategic reserve refers to a government or institution that deliberately holds Bitcoin as part of its national reserves in addition to traditional assets such as gold and foreign currency.
Proponents quarrel The fixed range, neutrality and decentralization of Bitcoin make it an ideal cover against inflation and a tool for diversifying national portfolios. They also point to global liquidity and the potential for long -term growth as a digital active for a digital age.
Ireland would not be the first country that such a movement is considering. El Salvador achieved the headlines in 2021 as the first nation that Bitcoin accepts as a legal payment method and to add it to his national reserves, and other countries started exploring the idea.
The Czech National Bank is considering keeping Bitcoin as reserve resistant, and the Swiss National Bank recently investigated the idea, but has rejected it due to volatility problems. Russia has announced plans to diversify his reserves with Bitcoin by 2028, aimed at reducing dependence on the US dollar. In the meantime, Polish presidential candidate Sławomir Mentzen has proposed a strategic Bitcoin reserve to transform the country into a crypto -hub.
Although there is no federal reserve in the US yet, Senator Cynthia Lummis, newly appointed chairman of the Senate Bank Incommission on digital assets, Senator Cynthia Lummis, and various states have introduced a number of states to have introduced proposals to explore Bitcoin reserves, with New Hampshire the first Staats-Bitco-Wet reserve-reserve-reserve-reserve-reserve-reserve-reserve-reserve-reserve days ago.
The involvement of Conor McGregor could be a game changer for the Irish debate. As one of the most recognizable global figures in Ireland, McGregor has a track record of the use of his platform to argue for causes in which he believes, from athlete rights to business innovation. His interest in an Irish Bitcoin strategic reserve could capture the imagination of the public and put pressure on policymakers to consider such a movement.
