Ex-UFC star invites crypto leaders to an X Spaces debate while BTC holds above $103 K.
Bitcoin grabbed Irish headlines after former UFC champion Conor McGregor, running as an independent for president, proposed building a strategic state Bitcoin reserve to “return power to the people” just as the cryptocurrency trades well above $103 000.
Posting the idea on X, McGregor framed the reserve as a taxpayer-owned treasury held in Bitcoin and scheduled a live X Spaces to refine details. Influencers Anthony Pompliano and David Bailey quickly volunteered, and McGregor welcomed their input, pledging full on-chain transparency.
He argues that early accumulation is timely; Bitcoin briefly touched $104 765 this week and now sits near $103 500 after rising more than twenty percent in 2025. Technical gauges such as RSI and MACD hint at waning momentum yet still show a broadly bullish structure.
Political hurdles loom. To secure a place on November’s ballot, McGregor must collect endorsements from twenty Oireachtas members or four local councils, but a Sky News survey found no lawmakers willing to back him. Regulatory approval for sovereign crypto reserves would also demand EU consultation.
Sceptics cite his track record. In April his REAL token presale raised barely forty percent of its US$1 million goal and refunded buyers. The candidate is also appealing a civil-assault judgment, ammunition critics say disqualifies him from steering national monetary experiments.
Precedent exists elsewhere: the United States, El Salvador, Bhutan and Finland already list Bitcoin on their balance sheets. Economist Aoife Byrne says a modest allocation could diversify reserves without replacing euros, provided regulated custody, routine audits and parliamentary oversight guard public funds.
Whether the plan gathers traction or fades, McGregor has injected Bitcoin into Ireland’s electoral arena and prompted voters and traders alike to watch both polling numbers and price charts for the next decisive move.
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