According to Mars Finance, on May 10, fighting superstar Conor McGregor recently publicly discussed the idea of Ireland establishing a Bitcoin strategic reserve on social media platform X (formerly Twitter), bringing this niche topic into the public eye. In a reply to Bitcoin analyst Dylan LeClair, he stated: 'We need to start discussing this issue,' and included the Irish flag and Bitcoin symbol.
The proposal was initially put forward by the Irish Bitcoin advocacy group 'Bitcoin Ireland', suggesting that the government allocate 1% of its financial reserves (approximately 7 billion euros) to Bitcoin.
Supporters believe this could hedge against fiat currency inflation risks, similar to El Salvador's move to adopt Bitcoin as legal tender.
Market response:
• The proposal received a warm response from the Bitcoin community, with related tweets garnering over a million views.
• Opponents point out that cryptocurrencies are highly volatile and not suitable as national reserve assets.
Current situation analysis:
The Irish Treasury has yet to respond, but McGregor's involvement has significantly raised the profile of the issue. The 'Notorious' star, with 40 million social media followers, has publicly supported cryptocurrencies multiple times, and his influence may drive more public discussion.
