Conor McGregor plans to establish a strategic Bitcoin reserve? McGregor intends to meet with El Salvador's President, Nayib Bukele, a prominent Bitcoin advocate, to delve into the possibility of…
Conor McGregor is planning to meet with the President of El Salvador, Nayib Bukele, known as one of the biggest advocates of Bitcoin at the national level, to explore the possibilities of a Bitcoin strategic reserve.
Conor McGregor, who aspires to become the President of Ireland, has recently expressed interest in establishing a strategic reserve of Bitcoin. His goal is to empower the Irish people through this innovative initiative. This proposal quickly caught the attention of President Nayib Bukele, known for his aggressive strategy of national Bitcoin accumulation despite some institutions’ reluctance.
The two leaders will have the opportunity to discuss the topic at the upcoming “Bitcoin Nation State” summit where their meeting is scheduled. “Saylor’s strategy could be deployed in Ireland,” said journalist Max Keiser, specifying that the Bitcoin strategic reserve will be a key topic of their discussions.
Beyond Bitcoin, Conor McGregor is open to exploring other cryptocurrencies. He is particularly interested in the transparent and immutable applications of blockchain technology to enhance government processes.
“I can see many transparent and intermediary-free applications in cryptos,” stated McGregor, adding that “with Bitcoin, I can see an immutable currency for the people.”
His thoughts have sparked heated debates among BTC supporters and advocates of diversification into other cryptocurrencies. The founder of Cardano, Charles Hoskinson, has also expressed interest in exploring potential collaboration.
Speculation suggests that Conor McGregor might opt for a cautious approach, combining a strategic Bitcoin reserve and a diversified portfolio of selected cryptos. This strategy comes amid a widespread rise in cryptocurrency prices, with Bitcoin nearing a new all-time high.
Although McGregor recently faced a setback with the launch of a memecoin, this new initiative reflects his commitment to cryptocurrency adoption in Ireland and potentially in other jurisdictions.
The meeting between Conor McGregor and Nayib Bukele promises to be crucial for the future of cryptocurrency adoption in Ireland. As an influential figure and aspiring to the presidency, McGregor could play a pivotal role in integrating crypto-assets into national governance.
Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
DISCLAIMER
This article is for informational purposes only and should not be considered as investment advice. Trading cryptocurrencies involves risks, and it is important not to invest more than you can afford to lose.
InvestX is not responsible for the quality of the products or services presented on this page and cannot be held liable, directly or indirectly, for any damage or loss caused by the use of any product or service featured in this article. Investments in crypto assets are inherently risky; readers should conduct their own research before taking any action and invest only within their financial means. This article does not constitute investment advice.
Risk Warning : Trading financial instruments and/or cryptocurrencies carries a high level of risk, including the possibility of losing all or part of your investment. It may not be suitable for all investors. Cryptocurrency prices are highly volatile and can be influenced by external factors such as financial, regulatory, or political events. Margin trading increases financial risks.
CFDs (Contracts for Difference) are complex instruments with a high risk of rapid capital loss due to leverage. Between 74% and 89% of retail investor accounts lose money when trading CFDs. You should assess whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Before engaging in financial or cryptocurrency trading, you must be fully informed about the associated risks and fees, carefully evaluate your investment objectives, level of experience, and risk tolerance, and seek professional advice if needed. InvestX.fr and the InvestX application may provide general market commentary, which does not constitute investment advice and should not be interpreted as such. Please consult an independent financial advisor for any investment-related questions. InvestX.fr disclaims any liability for errors, misinvestments, inaccuracies, or omissions and does not guarantee the accuracy or completeness of the information, texts, graphics, links, or other materials provided.
Some of the partners featured on this site may not be regulated in your country. It is your responsibility to verify the compliance of these services with local regulations before using them.
