Former UFC champion and newly declared Irish presidential candidate Conor McGregor has voiced assist for making a nationwide Bitcoin reserve in Eire.
In a Could 9 submit on X, McGregor argued that Bitcoin aligns with the precept of economic empowerment.
“Crypto in its origin was based to provide energy again to the folks,” he wrote. “An Irish Bitcoin strategic reserve will give energy to the folks’s cash.”
Bitcoin Value Surges to Over $104,000
McGregor’s proposal comes amid a pointy rally in Bitcoin, which just lately surged to over $104,000.
He plans to elaborate on his imaginative and prescient throughout an upcoming X Areas occasion, inviting key Bitcoin figures to hitch the dialog.
“We want the best minds for this BTC Reserve. Message me and let’s chat,” he responded to crypto influencer Anthony Pompliano.
U.S. presidential crypto advisor David Bailey additionally expressed curiosity, to which McGregor replied enthusiastically.
McGregor introduced his impartial run for the Irish presidency in March 2025, specializing in crime discount and strict immigration insurance policies.
Eire’s subsequent presidential election is scheduled no later than November 11, 2025, when the present time period of President Michael D. Higgins ends.
Whereas the thought of a Bitcoin reserve is daring, it’s uncharted territory for Eire. Just a few nations—together with the U.S., El Salvador, and Bhutan—have actively explored sovereign Bitcoin reserves.
Crypto in it's origin was based to provide energy again to the folks.
An Irish Bitcoin strategic reserve will give energy to the folks’s cash.
I shall be cohosting a Twitter area to speak about what I wish to see modified.
Victory to Eire!— Conor McGregor (@TheNotoriousMMA) Could 9, 2025
Implementing such a method, particularly from an impartial candidate with out get together backing, would face important political and regulatory hurdles.
McGregor’s crypto credibility has additionally come below query.
His earlier blockchain enterprise, the REAL venture, failed to satisfy its $1 million funding objective throughout its April pre-sale, elevating simply $392,315 earlier than issuing refunds to buyers. The venture aimed to merge crypto and gaming however failed to realize traction.
Including to his controversial profile, McGregor is interesting a current civil conviction for sexual assault and has beforehand confronted investigations over hate speech.
Bitcoin Holds Above $103K however Momentum Indicators Sign Weak spot
Bitcoin is buying and selling at $103,546 after peaking at $104,765, exhibiting indicators of slowing momentum following final week’s bullish rally.
Whereas the value stays above key assist, indicators recommend the market could also be cooling off within the brief time period.
On the 30-minute chart, the RSI has dipped under the impartial 50 line to 44.64, reflecting lowered shopping for power.
The MACD has additionally flipped bearish, with the sign line crossing above the MACD line — a typical signal of potential draw back strain. Bollinger Bands are beginning to slim, indicating declining volatility.
Quick-term motion on the 1-minute chart confirms the weak point, with the RSI hovering close to 41.5 and the MACD turning damaging.
Bitcoin is now buying and selling close to the decrease Bollinger Band, signaling cautious sentiment amongst intraday merchants.
If bulls fail to defend the $103,000 degree, additional draw back may comply with. Nonetheless, holding above that mark would hold the broader uptrend intact for now.
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