McGregor For President? With Bitcoin In His Corner, Anything’s Possible

Source Bitcoinist

Ex-UFC champion Conor McGregor has suggested Ireland construct a national reserve of Bitcoin. He called on May 9, 2025, in a message posted on X that doing so would give “power back to the people’s money.” He’s contesting the presidency as an independent candidate and would like to turn attention toward crypto policy.

McGregor’s Bitcoin Proposal

In his blog post, Ireland ought to have a reserve of Bitcoin in a strategic reserve. He did not specify where the funding would originate or how much it would cost. He just said that a reserve would put power back into the hands of common citizens. He further mentioned that “crypto in its origin was founded to give power back to the people.” That phrase resonates with the very premise of Bitcoin and decentralization.

Reaching Out To Crypto Leaders

According to reports, McGregor invited experts to collaborate with him. He tagged Anthony Pompliano, host of The Pomp Podcast, and requested feedback. He also contacted David Bailey, an expert who consulted former US President Donald Trump on crypto issues. In his responses, McGregor stated, “Message me and let’s talk on my space” and “David message me, let’s talk about your ideas!” His idea is to conduct an X Spaces session to develop details.

Political And Legal Challenges

Ireland is required to conduct its next presidential election by November 11, 2025, when President Michael D. Higgins’ term ends. Any initiative to establish a Bitcoin reserve would require support from lawmakers and the central bank. Ireland is a member of the European Union, so its monetary policy is connected to the euro. A candidate from a small party who is independent has slim chances of getting a coalition for this notion.

Additionally, McGregor is contesting a civil court decision that ruled him guilty of sexual assault. He’s also been investigated on charges of hate speech before. These factors may damage his credibility with the voters.

Track Record In Crypto

McGregor is not inexperienced in crypto projects, but his previous attempt didn’t work out. In early April 2025, the Real World Gaming team conducted a 28-hour presale of a token named REAL. They wanted to raise a minimum of $1 million. They only raised around $392,300 and refunded all buyers. That flop illustrates how challenging it is to get people to support you, even with a celebrity name on it.

Next Steps And Outlook

McGregor says he will reveal more about his X Spaces session in due course. He hasn’t specified a date yet. It’s unknown how many experts will accept his offer. Governments that have established Bitcoin reserves are the US, El Salvador and Bhutan, but those actions came from the highest government authorities.

A grassroots initiative by one candidate would be unique in Ireland. Voters will decide if they want a fighter-turned-politician handling complex financial policy. For now, McGregor’s plan remains at the idea stage, waiting to be tested in the political arena.

Featured image from Getty Images, chart from TradingView

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Cronos Price Forecast: CRO bulls aim for higher highs as 21Shares launches new Cronos ETP Cronos (CRO), a Layer 1 blockchain by Crypto.com, is extending its gains. At the time of writing on Wednesday, it was trading around $0.93 after rising nearly 5% so far this week.
Author  FXStreet
5 Month 07 Day Wed
Cronos (CRO), a Layer 1 blockchain by Crypto.com, is extending its gains. At the time of writing on Wednesday, it was trading around $0.93 after rising nearly 5% so far this week.
placeholder
Top 3 gainers EOS, Kaito, Stacks: Navigating the dynamic altcoin marketThe altcoin market is getting more complex to navigate, with fragmented narratives, limited liquidity, and massive token unlocks creating hefty headwinds.
Author  FXStreet
5 Month 08 Day Thu
The altcoin market is getting more complex to navigate, with fragmented narratives, limited liquidity, and massive token unlocks creating hefty headwinds.
placeholder
BNB Price Targets $650 Amid Renewed Market OptimismBNB price is consolidating above the $605 support zone. The price is now showing positive signs and might aim for more gains in the near term. BNB price is attempting to recover from the $600 support
Author  NewsBTC
5 Month 09 Day Fri
BNB price is consolidating above the $605 support zone. The price is now showing positive signs and might aim for more gains in the near term. BNB price is attempting to recover from the $600 support
placeholder
EUR/USD trades below 1.1250, eases due to ECB dovish signalsEUR/USD is retreating from gains posted in the previous session, trading near 1.1240 during Monday’s Asian session.
Author  FXStreet
Yesterday 02: 21
EUR/USD is retreating from gains posted in the previous session, trading near 1.1240 during Monday’s Asian session.
placeholder
Gold Price Forecast: XAU/USD tumbles below $3,300 on progress in US-China trade talks The Gold price (XAU/USD) attracts some sellers to near $3,275 during the early Asian session on Monday, pressured by a stronger US Dollar (USD). Optimism in US-China trade talks in Geneva, Switzerland, over the weekend has dragged the precious metal lower. 
Author  FXStreet
Yesterday 02: 22
The Gold price (XAU/USD) attracts some sellers to near $3,275 during the early Asian session on Monday, pressured by a stronger US Dollar (USD). Optimism in US-China trade talks in Geneva, Switzerland, over the weekend has dragged the precious metal lower. 
goTop
quote