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Max Keiser and Conor McGregor urge Ireland to establish a Bitcoin strategic reserve, following the success seen in El Salvador’s adoption of cryptocurrency.
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Keiser suggests that Ireland invest its $114 billion sovereign wealth fund entirely into Bitcoin to safeguard its economic independence.
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Both McGregor and Keiser aim to replicate El Salvador’s Bitcoin strategy to eliminate financial corruption in Ireland while ensuring long-term economic stability.
In a bold move, Conor McGregor and Max Keiser advocate for Ireland to create a Bitcoin strategic reserve using its sovereign wealth fund, aiming for economic independence.
Crypto News of the Day: Ireland Should Put $114 Billion Sovereign Fund in Bitcoin, Keiser Says
Recently, Conor McGregor called upon the Irish government to form a national Bitcoin strategic reserve, promoting the idea of returning financial power to the public.
“An Irish Bitcoin strategic reserve will give power to the people’s money,” McGregor expressed on social media.
The MMA icon has reached out to Max Keiser and El Salvador’s President Nayib Bukele to potentially arrange a summit aimed at guiding Ireland towards Bitcoin acceptance.
“Max and Nayib send me a message and let’s organize a meeting,” he requested in a recent post.
A recent report from US Crypto News highlighted Max Keiser’s significant role in influencing El Salvador’s adoption of Bitcoin. Keiser’s profile prominently features a photo with his wife Stacy Herbert, Strategist Michael Saylor, and President Bukele, reflecting his ties to pivotal figures in the Bitcoin movement.
Keiser now joins McGregor in speaking out against financial corruption in Ireland, following revelations from a 2023 exposé.
Against this backdrop, COINOTAG recently reached out to Max Keiser, where he reiterated his commitment to pushing Bitcoin’s adoption agenda in Ireland.
“Conor McGregor might be coming to El Salvador,” Keiser mentioned, underscoring the seriousness of the upcoming discussions.
The agenda for this meeting reportedly includes advocating for Ireland to channel its funds into Bitcoin. With the sovereign wealth fund projected to amount to $114 billion, Keiser firmly believes that redirecting these funds to Bitcoin could safeguard Ireland’s financial future.
“Ireland has a chance to avoid financial ruin by putting their entire 114 billion Euro windfall into an Irish Bitcoin Strategic Reserve Fund,” Keiser remarked to COINOTAG.
The consensus is that adopting a maturity with Bitcoin could mitigate financial conflicts within the nation. With the concerted efforts of McGregor, Keiser, and President Bukele, they aim to emulate the success seen in El Salvador.
Echoing McGregor, Keiser advocates for Ireland to establish a strategic Bitcoin reserve to foster lasting economic sovereignty.
“Holding anything else is 100%, mathematically guaranteed to lose purchasing power against Bitcoin, and therefore Ireland would be guaranteed to lose relevance against all countries and companies now creating BSR funds as the world adopts a Bitcoin Standard,” Keiser expounded.
In further conversations, Max Keiser warned that neglecting Bitcoin could result in Ireland lagging behind its counterparts, diminishing its economic standing.
“It’s like gunpowder. If you don’t embrace the power of gunpowder, be prepared to be taken over by countries that do,” Keiser concluded emphatically.
Chart of the Day
This chart illustrates the El Salvador government’s Bitcoin portfolio, showcasing a total valuation of approximately $642.18 million, represented by 6,174 BTC at an average price of $104,011 per Bitcoin.
Byte-Sized Alpha
Here’s a roundup of notable US crypto news to watch today:
- Bitcoin surged above $105,000 following a tariff relief agreement between the US and China, igniting a market rally.
- Pi Network’s price nearly doubled, surpassing $1 for the first time since March, generating short-term bullish momentum.
- Anticipation builds for Tuesday’s April CPI release, which may influence Fed rate cut expectations, directly affecting Bitcoin.
- Analysts debate whether Sui’s price rise can impact Solana’s dominance; consensus indicates it won’t happen anytime soon.
- Bitcoin ETF inflows fell 67% to $600 million despite BTC crossing the $100,000 mark for the first time since February.
- A US-China tariff reduction of 90 days, commencing May 14, has fueled Bitcoin’s price surge of 1.25%.
- Phishing scams using Punycode domains pose increasing threats by mimicking legitimate crypto websites, risking user exposure.
Crypto Equities Pre-Market Overview
| Company | At the Close of May 9 | Pre-Market Overview |
| Strategy (MSTR) | $416.03 | $428.52 (+3.00%) |
| Coinbase Global (COIN) | $199.32 | $209.49 (+5.10%) |
| Galaxy Digital Holdings (GLXY.TO) | $26.69 | $25.75 (-3.54%) |
| MARA Holdings (MARA) | $15.76 | $16.52 (+4.82%) |
| Riot Platforms (RIOT) | $8.48 | $8.96 (+5.66%) |
| Core Scientific (CORZ) | $9.32 | $9.91 (+6.33%) |
Crypto equities market open race: Finance.Yahoo
