🔵 Irish presidential candidate Conor McGregor will meet with the President of El Salvador to discuss strategic bitcoin reserves DeThings, May 12 (UPI) -- Irish presidential candidate and UFC champion Conor McGregor confirmed that he will meet with El Salvadoran President Nayib Bukele to discuss plans to establish a national strategic reserve for bitcoin, according to Coingape. The meeting will take place during the "Bitcoin Sovereign Summit", where McGregor advocates "returning monetary power to the people" through Bitcoin reserves. In addition to Bitcoin, McGregor said that he is exploring the use of other cryptocurrencies for transparency in government processes, and Cardano founder Charles Hoskinson has reached out to discuss the possibility of cooperation. Analysts speculate that the final plan may include a combination of Bitcoin reserves and select digital assets. Previously, its Meme coin REAL project failed to raise funds, but with the recent recovery of the crypto market, the policy discussion has picked up.

55.12K

The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.