{"id":11979,"date":"2025-05-12T02:04:50","date_gmt":"2025-05-12T00:04:50","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=11979"},"modified":"2025-05-12T02:04:50","modified_gmt":"2025-05-12T00:04:50","slug":"mcgregor-for-commander-in-chief-with-bitcoin-by-his-side-the-skys-the-limit","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/05\/12\/mcgregor-for-commander-in-chief-with-bitcoin-by-his-side-the-skys-the-limit\/","title":{"rendered":"McGregor for Commander-in-Chief? With Bitcoin by His Side, the Sky\u2019s the Limit!"},"content":{"rendered":"

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Reliable Editorial<\/u> material, evaluated by top industry professionals and experienced editors. Advertisement Disclosure<\/a><\/div>\n<\/p><\/div>\n

Former UFC champion Conor McGregor has advocated for Ireland to establish a national Bitcoin reserve. He urged on May 9, 2025, via a message on X, asserting that doing so would restore \u201cauthority back to the people\u2019s currency.\u201d He\u2019s vying for the presidency<\/a> as an independent candidate and aims to shift focus toward cryptocurrency policy.<\/p>\n

McGregor\u2019s Bitcoin Initiative<\/strong><\/h2>\n

In his blog entry, Ireland should possess a Bitcoin reserve within a strategic stockpile. He did not clarify the origin of the funding or the total expenses involved. He merely stated that such a reserve would return authority to ordinary citizens. He also remarked that \u201ccrypto in its essence was established to empower the populace.\u201d That statement aligns with the fundamental concept of Bitcoin and decentralization.<\/p>\n

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Crypto in its essence was established to empower the populace.<\/p>\n

An Irish Bitcoin strategic reserve will return authority to the people\u2019s currency.<\/p>\n

I will be cohosting a Twitter space to discuss the changes I envision.<\/p>\n

Victory to Ireland! \ud83c\uddee\ud83c\uddea<\/p>\n

\u2014 Conor McGregor (@TheNotoriousMMA) May 9, 2025<\/a><\/p>\n<\/blockquote>\n

Engaging Crypto Pioneers<\/strong><\/h2>\n

As per reports, McGregor has invited specialists to partner with him. He tagged Anthony Pompliano, host of The Pomp Podcast, and sought input. He also reached out to David Bailey, an advisor who previously consulted former US President Donald Trump on cryptocurrency<\/a> matters. In his replies, McGregor affirmed, \u201cMessage me and let\u2019s converse on my space\u201d and \u201cDavid, message me, let\u2019s discuss your ideas!\u201d His intention is to host an X Spaces session to outline details.<\/p>\n

Political And Legal Hurdles<\/strong><\/h3>\n

Ireland must hold its next presidential election by November 11, 2025, when President Michael D. Higgins\u2019 term concludes. Any initiative to create a Bitcoin reserve would necessitate backing from legislators and the central bank. Being a member of the European Union, Ireland’s monetary policies are linked to the euro. An independent candidate from a minor party faces slim prospects in forming a coalition for this initiative.<\/p>\n

BTC is currently valued at $104,529. Chart: TradingView<\/a><\/figcaption><\/figure>\n

Furthermore, McGregor is contesting a civil court ruling that found him guilty of sexual harassment. He has also been scrutinized over alleged hate speech in the past. Such elements may undermine his credibility among voters.<\/p>\n

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Irish politicians widely dismiss Conor McGregor\u2019s presidential aspirations https:\/\/t.co\/irxI4kyoyK<\/a><\/p>\n

\u2014 Sky News (@SkyNews) March 30, 2025<\/a><\/p>\n<\/blockquote>\n

Experience in Crypto<\/strong><\/h3>\n

McGregor is not new to cryptocurrency initiatives, though his prior endeavor was unsuccessful. In early April 2025, the Real World Gaming team held a 28-hour presale for a token named REAL<\/a>. Their goal was to gather a minimum of $1 million, but they only managed to acquire roughly $392,300 and refunded all purchasers. That failure demonstrates the difficulty of rallying public support, even with a celebrity\u2019s endorsement.<\/p>\n

Future Actions And Perspectives<\/strong><\/h3>\n

McGregor indicates he will disclose further information regarding his X Spaces session in due time. As of now, no date has been established. It remains uncertain how many specialists will accept his invitation. Governments that have set up Bitcoin reserves include the US, El Salvador, and Bhutan, but these measures originated from the highest governmental levels.<\/p>\n

A grassroots movement initiated by an individual candidate would be unprecedented in Ireland. Voters will determine if they prefer a fighter-turned-politician navigating intricate financial policy. For the moment, McGregor\u2019s proposal is still in the conceptual phase, awaiting to be evaluated in the political sphere.<\/p>\n

Featured image from Getty Images, chart from TradingView<\/em><\/p>\n

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