Conor McGregor and Max Keiser Push for Irish Bitcoin Reserve| US Crypto News
By: beincrypto|2025/05/12 14:00:10
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Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.Grab a coffee as we look into what Bitcoin (BTC) could be for Ireland, one of the countries dealing with US President Donald Trump’s tariff hikes. Amid global economic uncertainty, Bitcoin’s hedge status is growing, with TradFi, lawmakers, and now a UFC icon, pushing the narrative.Crypto News of the Day: Ireland Should Put $114 Billion Sovereign Fund in Bitcoin, Keiser SaysConor McGregor recently called for the Irish government to create a national Bitcoin strategic reserve to put the power of money back in the hands of the people.“An Irish Bitcoin strategic reserve will give power to the people’s money,” McGregor said on X.The UFC fighter, who is also an Irish national, has urged Max Keiser and El Salvadoran President Nayib Bukele to organize a meeting that could give Ireland a taste of Bitcoin.“Max and Nayib send me a message and let’s organize a meeting,” McGregor urged in a post.A recent US Crypto News publication indicated that Max Keiser was pivotal in El Salvador’s adoption of Bitcoin. Keiser’s X (Twitter) account profile features a picture of himself, his wife Stacy Herbert, Strategy’s Michael Saylor, and Nayib Bukele.Now, the Bitcoin veteran joins McGregor in calling out financial corruption in Ireland after exposing the country’s financial corruption in a 2023 exposé. @MaxKeiser (2/2) – Hotspots: Ireland [April, 2011] pic.twitter.com/gAKfaULuS6— Crypto News Alerts (@CryptoNewsYes) January 9, 2023Against this backdrop, BeInCrypto contacted Max Keiser, who reaffirmed his stance amid plans to meet with the UFC fighter and El Salvador’s Bukele. “Conor McGregor might be coming to El Salvador,” Salvadoran pride shared on X.The meeting’s agenda includes the need for Ireland to allocate money to Bitcoin. According to Max Keiser, Ireland, which is developing a sovereign wealth fund estimated at around $114 billion, should put all its money into Bitcoin.“Ireland has a chance to avoid financial ruin by putting their entire 114 billion Euro windfall into an Irish Bitcoin Strategic Reserve Fund,” Keiser told BeInCrypto.The general sentiment is that financial corruption in Ireland can be eliminated with efficient systems under the strategic reserve. Based on this, McGregor, with the help of Keiser and President Bukele, aims to replicate what El Salvador did.Like McGregor, Max Keiser encourages the North Atlantic Ocean-based Island to create a strategic Bitcoin reserve to guarantee long-term economic independence.“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 added.Speaking to BeInCrypto, Max Keiser also articulated that sidestepping Bitcoin could see Ireland lag behind other countries that are only growing their adoption.“It’s like gun powder. If you don’t embrace the power of gun powder, be prepared to be taken over by countries that do,” Keiser concluded.Chart of the DayEl Salvador Bitcoin portfolio. Source: ArkhamThe chart displays the El Salvador government’s portfolio, highlighting its Bitcoin holdings. It shows a total value of approximately $642.18 million, with 6,174 BTC for $104,011 per Bitcoin.Byte-Sized AlphaHere’s a summary of more US crypto news to follow today:Bitcoin surged above $105,000 after the US and China announced a tariff relief deal, triggering a market rally.Pi Network price rallies nearly 50%, breaking past $1 for the first time since March and fueling short-term bullish momentum.April CPI release on Tuesday could prompt Fed rate cut bets or support tighter policy, directly impacting Bitcoin’s trajectory.Can Sui’s price rally dent Solana’s dominance? Analysts say not anytime soon.Bitcoin ETF inflows dropped 67% to $600 million despite BTC surpassing $100,000 for the first time since February.The US and China have agreed to temporarily reduce tariffs on each other’s goods for 90 days, beginning May 14. Bitcoin surged 1.25%, reaching highs last seen on January 31, following the tariff announcement.Phishing scams using Punycode domains mimic real crypto sites, tricking even careful users. Browser recommendations can unintentionally direct visitors to fake sites, increasing theft risk.Crypto Equities Pre-Market OverviewCompanyAt the Close of May 9Pre-Market OverviewStrategy (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.YahooThe post Conor McGregor and Max Keiser Push for Irish Bitcoin Reserve| US Crypto News appeared first on BeInCrypto.
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