UFC Legend Conor McGregor Hopes to Establish Bitcoin Strategic Reserve in Ireland
Recently, 36-year-old UFC legend Conor McGregor, with a record of 22 wins and 6 losses, called for his homeland Ireland to establish a digital asset reserve, aiming to position itself as a cryptocurrency hub. He emphasized that the core of cryptocurrency lies in 'empowering the people' and revealed plans to co-host a Twitter (X) live stream to detail his vision.
Although he discussed cryptocurrency and Bitcoin from Ireland's reserve perspective, many in the comments urged that the country's focus should be solely on Bitcoin, the largest digital asset. Influenced by this viewpoint, Anthony Pompliano also became one of the early advocates for Ireland to establish a Bitcoin strategic reserve.
In fact, discussions about whether countries should adopt Bitcoin as a strategic reserve asset have been ongoing in the community for years; this concept once seemed far-fetched. However, supporters argue that Bitcoin possesses characteristics similar to gold, which has been widely used to back countries' fiat currencies and is still favored by central banks today. Therefore, they advocate that Bitcoin should also be able to assume a similar reserve role.
In recent years, some critics have argued that Bitcoin is too young and volatile to shoulder such an important responsibility. However, the situation changed after the US elections, as current President Donald Trump had considered establishing a Bitcoin strategic reserve in the United States, and related discussions among countries have also increased.
While most countries are still in the discussion phase or have clearly rejected the idea, this is undoubtedly an important step in the right direction. After all, someone has to take the first step, right?
Conclusion:
In summary, from the United States to Ireland, from Trump to McGregor, the strategic value of Bitcoin is gradually being reassessed by various countries.
In the future, whether Bitcoin can become a mainstream reserve asset will depend on the acceptance by various countries, market stability, and regulatory openness.
What do you think about the feasibility of Conor McGregor's proposal to make Bitcoin a strategic reserve asset for Ireland? Will this move promote widespread acceptance of Bitcoin in the country?
