top of page
< Back
Ireland’s Path to Leadership in the Global Bitcoin Race: A Strategic Opportunity

Ireland’s Path to Leadership in the Global Bitcoin Race: A Strategic Opportunity

 

Gary J. O’Keeffe, Phd 

Nostr:npub10mgeum509kmlayzuvxhkl337zuh4x2knre8ak2uqhpcra80jdttqqvehf6

Richard W. Daly

Nostr:npub1ak8e0rnhgpfuanw40fs8qyfla2gztd8lpws0897qgfut53ep65jsm3vv7p

 

 

Executive Summary

Ireland stands at a pivotal moment in its economic history. With a substantial fiscal surplus from the €14.3 billion Apple tax ruling [1] and a pressing need to address inflation—particularly in the housing market [2] and in large-scale infrastructure projects [23]—there is an urgent call for innovative financial strategies. Globally, nations such as El Salvador, Bhutan, Singapore, and the United States are leveraging Bitcoin to secure their economic futures [4,10,13,15]. Ireland, with its history of innovation and technological leadership, must seize this opportunity to lead rather than lag in the race for Bitcoin asset accumulation.

 

This paper advocates for the establishment of a Bitcoin Strategic Reserve and outlines a roadmap for leveraging Bitcoin to diversify Ireland’s national reserves, safeguard against inflation, and position the nation as a leader in the digital economy.

 

1. Bitcoin’s Role in a Changing Global Economy

 

Bitcoin is a decentralized digital currency with a fixed supply of 21 million coins, designed to function as a store of value, a medium of exchange, and a hedge against inflation [25]. Unlike fiat currencies, which can be printed indefinitely, Bitcoin’s scarcity is built into its code. This design has made it attractive to a wide range of users, from individuals in hyperinflationary economies to people fleeing war zones, to governments seeking financial resilience [6,13,31].

 

Concerns about Bitcoin are valid and deserve consideration. Its price volatility, energy consumption, and potential misuse for illicit activities have been frequently cited as barriers to its adoption [34]. However, these challenges are being addressed in ways that reveal Bitcoin’s potential as a tool for progress. In Texas, for example, Bitcoin mining has catalyzed a boom in renewable energy, providing an incentive to develop underutilized wind and solar resources while stabilizing the energy grid during peak demand [16]. Similarly, the Human Rights Foundation (HRF) has documented cases where Bitcoin has served as a lifeline for activists and dissidents in authoritarian regimes. For instance, Roya Mahboob, a pioneering Afghan entrepreneur, used Bitcoin to pay women who were excluded from the traditional banking system, empowering them to participate in the global economy despite systemic barriers [31].

 

These examples highlight a shift in the narrative. Bitcoin is no longer a fringe experiment; it is becoming an integral part of the global financial system. In 2024, the United States began exploring the establishment of a Bitcoin Strategic Reserve, a recognition of Bitcoin’s geopolitical significance as a hedge against inflation and a tool for maintaining financial sovereignty [15]. Other nations such as El Salvador, and Bhutan have adopted this strategy to great success [6,13,14]. Should the US normalize Strategic Bitcoin Reserves as a fiscal policy, other states will likely follow.

 

This geopolitical momentum presents a unique opportunity for Ireland. As a nation that has historically thrived by embracing innovation and positioning itself as a global leader, Ireland is well-suited to capitalize on the growing adoption of Bitcoin. By understanding the strategic potential of Bitcoin and acting decisively, Ireland can secure its place at the forefront of this financial transformation.

 

The following case studies illustrate how nations like El Salvador, Singapore, Bhutan, and the United States are integrating Bitcoin into their economies, offering valuable insights into how Ireland could follow suit and lead in the EU.

 

2. Global Adoption of Bitcoin: Proven Strategies and Outcomes

Case Study 1: El Salvador

El Salvador has emerged as a pioneer in the adoption of Bitcoin as a national financial strategy. In 2021, it became the first country in the world to recognize Bitcoin as legal tender, a bold and controversial move that drew significant global attention [5]. While critics predicted chaos, the policy has delivered measurable benefits across multiple dimensions, including economic growth, financial inclusion, and global visibility. El Salvador’s Bitcoin initiative not only underscores the transformative potential of the cryptocurrency but also serves as a blueprint for nations seeking to leverage digital assets as a strategic tool.

 

Strategic Asset Accumulation

El Salvador’s strategy of purchasing one Bitcoin per day since late 2022 has delivered a 108% return on investment as of November 2024 [6]. This approach demonstrates Bitcoin’s potential as a high-performing sovereign asset, providing the country with a robust store of value and financial growth.

 

Tourism Growth

The “Bitcoin Beach” initiative has positioned El Salvador as a hub for digital asset tourism, contributing to a 30% year-over-year increase in tourism [7]. This surge has not only boosted local businesses but also enhanced the country’s international reputation as a forward-thinking, innovative destination.

 

Remittance Efficiency

Remittances account for over 20% of El Salvador’s GDP, with much of this previously subject to high fees through traditional money transfer services. The integration of Bitcoin and the Lightning Network has significantly reduced these fees, saving Salvadorans millions annually and increasing the proportion of funds directly benefiting families [8].

 

Financial Inclusion

Before Bitcoin adoption, over 70% of Salvadorans lacked access to traditional banking services. The introduction of the Chivo wallet has brought millions of unbanked citizens into the digital economy, providing a pathway to financial inclusion and fostering a culture of technological adoption [9].

 

 

El Salvador’s Bitcoin experiment demonstrates how a nation can integrate cryptocurrency into its financial ecosystem to achieve tangible benefits. While the journey has not been without challenges, the country’s innovative approach highlights the potential of Bitcoin as a tool for economic growth, inclusion, and resilience.

 

 

Case Study 2: Singapore

Singapore has established itself as a global leader in financial technology and blockchain innovation through proactive and business-friendly regulatory frameworks. The Monetary Authority of Singapore (MAS) has created a robust licensing regime for cryptocurrency firms, offering clarity and stability that attract substantial fintech and Bitcoin-related investments [10]. 

 

By balancing regulatory oversight with innovation, Singapore has positioned itself as a prime example of how nations can foster economic growth while integrating Bitcoin technologies into their financial system. This approach has reaped measurable benefits:

Fintech Hub

Singapore has consistently ranked among the top fintech hubs globally, with investments in its fintech sector reaching over $3 billion annually [11].

Blockchain Ecosystem

The nation’s support for blockchain innovation has led to the establishment of partnerships between global tech giants and local startups, fostering a vibrant ecosystem.

Educational Initiatives

Singapore also invests in public education about digital assets, helping the population understand the potential and risks associated with cryptocurrencies [12].

 

Case Study 3: Bhutan

As of November 2024, the Royal Government of Bhutan’s Bitcoin holdings have surpassed $1 billion, amounting to over 12,000 BTC [13]. Unlike many other nations that have acquired Bitcoin through seizures, Bhutan has accumulated its holdings primarily through state-funded mining operations.

 

Eco-Friendly Bitcoin Mining

Bhutan’s mining efforts, managed by Druk Holding & Investments (DHI), leverage the country’s abundant hydroelectric resources to power sustainable Bitcoin mining facilities [14].

 

Strategic Asset Accumulation

This approach not only provides Bhutan with significant financial reserves but also positions it as a leader in eco-conscious Bitcoin adoption.

 

This strategic foresight has made Bhutan one of the top government holders of Bitcoin globally, exemplifying how smaller nations can leverage natural resources for financial innovation.

 

Case Study 4: United States

The United States has emerged as a key player in Bitcoin adoption, leveraging the digital asset not only as a strategic financial reserve but also as an innovative tool for energy grid management and technological development. In 2024, the country announced exploratory initiatives to establish a Bitcoin Strategic Reserve, recognizing Bitcoin as a hedge against inflation and a tool for financial sovereignty [15]. At the same time, Bitcoin mining has been integrated into energy markets in Texas, demonstrating its potential for stabilizing power grids. These efforts, combined with the rise of dedicated Bitcoin innovation hubs, underline the United States’ leadership in the global Bitcoin ecosystem.

 

Strategic Reserve 

The proposed Bitcoin Strategic Reserve aims to secure Bitcoin as part of the national financial infrastructure, countering risks associated with fiat currency debasement and inflation.

Bitcoin as Demand Response in Texas

The Electric Reliability Council of Texas (ERCOT) has showcased a groundbreaking application of Bitcoin mining to stabilize energy grids through demand response programs. Bitcoin miners, with their highly flexible energy consumption, adjust operations based on real-time grid needs [16].

  • Grid Stabilization: By scaling down operations during peak demand and ramping up during energy surpluses, Bitcoin miners help ERCOT maintain grid stability.

  • Economic Synergies: Bitcoin mining monetizes unused electricity during off-peak times, creating a sustainable revenue stream for energy providers and enhancing the financial viability of renewable energy projects.

Innovation Hubs

The US has fostered a vibrant Bitcoin ecosystem through the establishment of collaborative hubs dedicated to development and education:

  • “Bitcoin Park” in Nashville: A community-driven space focused on Bitcoin education and innovation.

  • “Bitcoin Commons” in Austin: A hub for Bitcoin startups, developers, and researchers.

  • “The Space” in Denver: A collaborative workspace promoting Bitcoin-focused innovation and technology.

By integrating Bitcoin into both financial and infrastructure systems, the United States has positioned itself as a leader in the digital asset space. Ireland can draw inspiration from this multifaceted approach, adopting similar strategies to enhance financial resilience and infrastructure innovation.

 

 

3. Ireland’s Economic Landscape: Challenges and Opportunities

The Apple Tax Ruling and Surplus Capital

The European Court of Justice’s ruling requiring Apple to pay €14.3 billion in back taxes to Ireland has provided the nation with a historic fiscal surplus [1]. While these funds are restricted from day-to-day spending, they present a unique opportunity for long-term strategic investment [18]. This influx of capital could support transformative initiatives that fortify Ireland’s economic future.

Housing Inflation: A Pressing Concern

Ireland faces one of the most severe housing crises in Europe, driven by escalating property prices and rents:

  • Rising Property Prices: The Residential Property Price Index reported a 10.1% annual increase in August 2024, the highest since 2022 [2].

  • Escalating Rental Costs: Average rents have surged to €1,900, straining household finances and limiting disposable income [21].

  • Complex Inflation Dynamics: Housing-related costs exhibit fluctuating inflation rates, reflecting deeper structural challenges in the supply-demand balance [22].

Scaling Costs of the public infrastructure (such as the National Children’s Hospital)

Ireland’s National Children’s Hospital, initially budgeted at €1 billion, has seen costs balloon to an estimated €2.4 billion, raising questions about fiscal management and cost overruns [23]. These escalating expenses underscore the importance of prudent, long-term investment strategies to alleviate economic pressures while addressing critical infrastructure needs.

 

The Need for Bold Action

The combination of a fiscal surplus, persistent inflationary pressures, and escalating infrastructure costs requires Ireland to adopt innovative solutions that ensure economic resilience. A Bitcoin-forward strategy offers a compelling avenue to address these challenges, leveraging Bitcoin’s unique properties as a store of value, a hedge against inflation, and a tool for national wealth preservation.

 

 

4. Why Ireland Should Lead in Bitcoin Asset Accumulation

Hedging Against Inflation

The global economy is in the midst of unprecedented monetary expansion, with central banks injecting trillions of euros into the financial system [29]. This expansion has led to significant currency debasement, making it increasingly difficult to measure the true economic health of nations when the “length of the ruler”—the fiat currency—keeps changing [30].

 

Bitcoin’s fixed supply of 21 million coins offers a stark contrast to fiat currencies, providing a predictable and immutable measure of value. This unique property makes Bitcoin a robust hedge against inflation, particularly in times of economic uncertainty. For Ireland, accumulating Bitcoin could serve as a strategic reserve, protecting against the risks of fiat currency depreciation while offering long-term wealth preservation.

Global Leadership and Innovation

Ireland has long positioned itself as a hub for technology and innovation, attracting some of the world’s largest tech companies. A Bitcoin-forward strategy would:

  • Attract Investment: Position Ireland as a destination for Bitcoin startups, fintech firms, and Bitcoin-related enterprises.

  • Generate Financial Returns: Early accumulation of Bitcoin could yield substantial returns, bolstering national reserves and funding critical infrastructure projects like housing and healthcare.

  • Enhance Global Influence: By becoming a leader in Bitcoin adoption, Ireland could strengthen its geopolitical standing and align itself with the financial systems of the future.

Alignment with Irish Values

Bitcoin aligns deeply with Ireland’s values of sovereignty, independence, and innovation:

  • Historical Emphasis on Sovereignty: Ireland’s history of striving for independence and self-determination resonates with Bitcoin’s ethos of decentralization and financial autonomy [32].

  • Fostering Resilience: Just as Ireland has weathered economic crises through adaptability and innovation, Bitcoin provides a resilient framework for navigating the uncertainties of the modern financial system.

  • Compassion and Solidarity: 

Ireland’s longstanding commitment to supporting the vulnerable is evident in its consistent ranking among the world’s most charitable nations [35]. This culture of empathy and generosity aligns with Bitcoin’s role in providing financial autonomy to oppressed individuals worldwide.

 

In “Check Your Financial Privilege,” [36] Alex Gladstein highlights how Bitcoin serves as a lifeline for those in financially repressive environments. In Venezuela, facing hyperinflation, citizens have turned to Bitcoin to preserve their wealth and conduct transactions beyond government control  [36]. Similarly, in Afghanistan, women like Roya Mahboob have utilized Bitcoin to receive payments, circumventing restrictions that limit their access to traditional banking systems [33].

 

By embracing Bitcoin, Ireland can extend its tradition of supporting the vulnerable, offering a financial tool that empowers oppressed populations and upholds the nation’s values of compassion and solidarity.

 

  • A Decentralised Nation: The Irish diaspora forms one of the most decentralized networks in the world, with over 70 million people of Irish descent globally [31]. Bitcoin’s decentralized nature mirrors the global dispersion of Irish culture and people, offering a financial tool that transcends borders and unites communities.

 

A Strategic Opportunity for Ireland

Ireland’s unique position—a nation with a strong global presence, fiscal surplus, and a proven track record in technological leadership—makes it an ideal candidate to lead the Bitcoin revolution. By adopting a Bitcoin-forward strategy, Ireland could:

  • Address Pressing Challenges: Use Bitcoin-backed bonds or investment returns to fund critical projects like affordable housing and the National Children’s Hospital.

  • Safeguard Economic Independence: Secure financial sovereignty by reducing reliance on fiat currencies prone to inflationary pressures.

  • Leverage Global Networks: Tap into the expertise and capital of the global Irish diaspora to further advance Bitcoin adoption and innovation.

Ireland’s ability to recognize and seize transformative opportunities has shaped its history. Embracing Bitcoin now could secure its economic future and reinforce its position as a leader in the global financial landscape.

 

 

 

5. National Policy Recommendations

  1. Establish a Bitcoin Strategic Reserve

Allocate a portion of Ireland’s surplus capital—initially 50% of the Apple tax windfall—toward Bitcoin accumulation. This investment would diversify national reserves, hedge against inflationary risks, and reduce vulnerabilities tied to the European Central Bank’s expansive monetary policies.

 

Drawing inspiration from Norway’s Government Pension Fund, which transformed oil revenues into long-term national wealth, Ireland could similarly leverage early Bitcoin accumulation to secure its economic future. A Bitcoin reserve would not only protect against fiat currency depreciation but also position Ireland as a leader in financial innovation, enhancing its geopolitical standing while setting a global example for strategic digital asset adoption.

 

  1. Abolish Capital Gains Tax on Bitcoin held for over 4 years

Introduce a tax incentive that exempts Bitcoin held for more than four years from capital gains tax. This policy would encourage long-term Bitcoin investment, fostering a culture of savings and financial stability. A historical precedent for this approach can be drawn from Charlie Haughey’s introduction of special savings bonds in the 1980s, which incentivized Irish citizens to invest in government-backed bonds. These bonds played a pivotal role in fostering national savings, contributing to the economic boom of the Celtic Tiger era. Similarly, a forward-looking Bitcoin tax policy could stimulate individual and institutional investment, unlocking Ireland’s potential as a global Bitcoin hub.

 

  1. Develop a Bitcoin Innovation Hub

Ireland should position itself as the leading destination for doing Bitcoin businesses in the EU by establishing a Bitcoin Innovation Hub. This initiative would attract startups and established companies with clear regulatory frameworks, tax incentives, and targeted grants.

 

Leveraging its reputation as a global tech hub, Ireland can foster innovation in Bitcoin payment systems, custody solutions, and scaling technologies like the Lightning Network. By aligning industry, academia, and government, the hub would drive job creation and economic growth while reinforcing Ireland’s position as a leader in financial innovation.

 

  1. Invest in Public Education and Awareness

Ireland should launch targeted campaigns to educate policymakers, businesses, and the public on Bitcoin’s benefits and potential. These efforts would address common misconceptions, highlight Bitcoin’s role in financial innovation, and foster a more informed and open dialogue.

 

By offering workshops, accessible resources, and collaboration with industry experts, Ireland can ensure decision-makers and citizens are well-equipped to engage with Bitcoin technologies. This initiative would build public trust, encourage adoption, and position Ireland as a leader in financial education and innovation.

 

  1. Collaborate with Bitcoin-Leading Nations

Ireland should strengthen its position as a Bitcoin-friendly economy by establishing partnerships with nations actively advancing Bitcoin, such as El Salvador, the United States, Singapore, and Bhutan. These collaborations would allow Ireland to exchange insights on policy, infrastructure, and innovation, ensuring it remains at the forefront of Bitcoin adoption.

 

As a member of the EU, Ireland has a unique opportunity to position itself as the gateway for Bitcoin businesses looking to operate within Europe’s single market. By fostering an economically favourable zone for Bitcoin in the EU, Ireland could attract investment and trade, creating jobs and driving technological advancement. This strategy would reinforce Ireland’s leadership in digital finance and its role as a bridge between global Bitcoin innovators and European markets.

 

  1. Utilize Bitcoin-Backed Bonds for Large Investments

Ireland can explore issuing Bitcoin-backed bonds as an innovative financing tool for critical national projects, such as housing and infrastructure development. These bonds would provide an alternative funding mechanism, leveraging Bitcoin’s growth potential to address pressing challenges like the housing crisis and escalating public infrastructure costs.

 

Bitcoin-backed bonds would allow Ireland to tap into global investor interest in digital assets while maintaining fiscal discipline. By collateralizing bonds with Bitcoin, the government could access low-cost capital, which could be directed toward projects such as affordable housing initiatives or the National Children’s Hospital. This approach would diversify funding sources and reduce reliance on traditional debt markets, creating flexibility in national budgeting.

 

As a member of the EU, Ireland’s adoption of Bitcoin-backed bonds would set a precedent for innovative financial strategies in Europe. Such a move could attract global investors seeking exposure to Bitcoin through sovereign instruments while reinforcing Ireland’s position as a leader in financial innovation. By integrating Bitcoin into its ecosystem through strategic initiatives like these bonds, Ireland would also demonstrate the practical applications of digital assets in addressing real-world economic challenges.

6. Conclusion: Ireland’s Moment to Lead

Ireland stands at the crossroads of economic transformation. By adopting a Bitcoin-forward strategy, the nation can safeguard its economic future, hedge against inflation, and reinforce its reputation as a global leader in innovation. With a substantial fiscal surplus and an urgent need to address housing inflation, Ireland must act decisively to embrace Bitcoin as a strategic asset.

 

History rewards those who lead—not those who lag. It is time for Ireland to write its next chapter as a pioneer in the digital asset economy.

 

References

  1. RTÉ News (2024). Apple Tax Case Decision. Retrieved from https://www.rte.ie/news/business/2024/0910/1469297-apple-tax-decision-ireland/

  2. Trading Economics (2024). Ireland Residential Property Price Index. Retrieved from https://tradingeconomics.com/ireland/housing-index

  3. Financial Times (2024). Apple upgrades Ireland’s credit rating outlook. Retrieved from https://www.ft.com/content/7538e222-d337-4e17-a6bd-8b9e6f36962a

  4. Cointelegraph (2022). El Salvador’s Bitcoin strategy evolved with the bear market in 2022. Retrieved from https://cointelegraph.com/news/el-salvador-s-bitcoin-strategy-evolved-with-the-bear-market-in-2022

  5. International Monetary Fund (2022). IMF Executive Board Concludes 2021 Article IV Consultation with El Salvador. Retrieved from https://www.imf.org/en/News/Articles/2022/01/25/pr2213-el-salvador-imf-executive-board-concludes-2021-article-iv-consultation

  6. Readwrite (2024). El Salvador’s Bitcoin Adoption is paying off. Retrieved from https://readwrite.com/el-salvadors-bitcoin-adoption-is-paying-off-93m-unrealized-profit/

  7. Cointelegraph (2022). Tourism in El Salvador up 30% since Bitcoin adoption, minister says. Retrieved from https://cointelegraph.com/news/tourism-in-el-salvador-up-30-since-bitcoin-adoption-minister-says

  8. The Global Economy (2024). El Salvador Remittances. Retrieved from https://www.theglobaleconomy.com/El-Salvador/remittances_percent_GDP/

  9. AlphaPoint (2022). Chivo Bitcoin Wallet enables unprecedented financial inclusion. Retrieved from https://alphapoint.com/resource/chivo-bitcoin-wallet-enables-unprecedented-financial-inclusion-for-el-salvador/

  10. Singapore Fintech Association (2024). Singapore as a Global Blockchain Hub. Retrieved from https://singaporefintech.org/

  11. KPMG (2023). Singapore Achieves its Highest Fintech funding in three years. Retrieved from https://kpmg.com/sg/en/home/media/press-releases/2023/02/kpmg-pulse-of-fintech-h2-22.html

  12. MOE Singapore (2024). “Transforming Education through Technology” Masterplan 2030. Retrieved from https://www.moe.gov.sg/education-in-sg/educational-technology-journey/edtech-masterplan

  13. International Business Times (2024). Bhutan’s Bitcoin Holdings Pass $1 Billion. Retrieved from https://www.ibtimes.com/real-btc-country-bhutan-governments-bitcoin-treasury-passes-1-billion-3750797

  14. Bitcoin Magazine (2024). Bhutan’s Bitcoin Mining Operations. Retrieved from https://bitcoinmagazine.com/markets/bhutans-bitcoin-holdings-revealed-kingdom-owns-780m-in-btc-from-mining

  15. Congress.gov (2024). S.4912 - BITCOIN Act of 2024. Retrieved from https://www.congress.gov/bill/118th-congress/senate-bill/4912

  16. CHRON (2024). Texas paid $31 million to bitcoin miner to cut energy use during heat wave. Retrieved from https://www.chron.com/news/houston-texas/article/texas-bitcoin-riot-ercot-grid-energy-18352398.php

  17. Statista (2024). Ireland housing costs inflation rate 2024. Retrieved from https://www.statista.com/statistics/1362161/ireland-housing-costs-inflation-rate/

  18. Court of Justice of the European Union (2020). The General Court annuls the Commission’s decision on the aid measure implemented by Ireland in favour of Apple. Retrieved from https://curia.europa.eu/jcms/upload/docs/application/pdf/2020-07/cp200090en.pdf

  19. The Sun Ireland (2024). Elderly woman’s eviction win over greedy landlord trying to hike rent should inspire others, says TD amid soar prices. Retrieved from https://www.thesun.ie/news/13615921/elderly-womans-eviction-win-inspire-others-says-td/

  20. S&P Global (2024). Ireland’s Fiscal Overperformance. Retrieved from https://www.spglobal.com/en/news/irelands-fiscal-surplus/

  21. The Irish Independent (2024). Average Rent Surges in Ireland. Retrieved from https://www.independent.ie/business/average-rent-increases-in-ireland-2024/

  22. Eurostat (2024). Ireland Housing Inflation Data. Retrieved from https://ec.europa.eu/eurostat/statistics-on-housing-costs/

  23. The Journal(2024). Children's Hospital: June 2025 completion date, board accuses BAM of 'disregard for sick children'. Retrieved from https://www.thejournal.ie/bam-accused-of-complete-disregard-for-sick-children-6495823-Sep2024/

  24. Lightning Network Report (2024). Bitcoin Efficiency in Remittances. Retrieved from https://lightning.network/en/remittances/

  25. Nakamoto, S. (2008). Bitcoin: A Peer-to-Peer Electronic Cash System. Retrieved from https://bitcoin.org/bitcoin.pdf

  26. International Monetary Fund (2024). Bitcoin’s Role in Sovereign Financial Strategies. Retrieved from https://www.imf.org/en/News/Articles/2024-sovereign-strategies/

  27. Blockchain Ireland (2024). The Case for Bitcoin in Ireland. Retrieved from https://www.blockchainireland.org/case-for-bitcoin-in-ireland/

  28. Deloitte Ireland (2024). Incentivizing Blockchain Startups in Ireland. Retrieved from https://www2.deloitte.com/ie/en/industries/blockchain-startups-incentives/

  29. IEA (2023). The New Great Inflation: How Western Central banks got it wrong. Retrieved from https://iea.org.uk/publications/the-new-great-inflation-how-western-central-banks-got-it-wrong-and-what-they-should-do-about-it/

  30. Investopedia (2024). Debasement. Retrieved from https://www.investopedia.com/terms/d/debasement.asp

  31. Department of Foreign Affairs (2017). Irish Emigration Patterns and Citizens Abroad. Retrieved from https://www.dfa.ie/media/dfa/alldfawebsitemedia/newspress/publications/ministersbrief-june2017/1--Global-Irish-in-Numbers.pdf

  32. Britannica (2024). Irish War of Independence. Retrieved from https://www.britannica.com/event/Irish-War-of-Independence

  33. Human Rights Foundation (2021). Why Bitcoin Matters for Human Rights - Roya Mahboob. Retrieved from https://www.youtube.com/watch?v=uOvjNCdfJzU

  34. Council on Foreign Relations (2024). The Crypto Question: Bitcoin, Digital Dollars, and the Future of Money. Retrieved from https://www.cfr.org/backgrounder/crypto-question-bitcoin-digital-dollars-and-future-money

  35. Irish Central (2021). Ireland Ranks Third most charitable country in the world. Retrieved from https://www.irishcentral.com/news/ireland-third-most-charitable-country

  36. Gladstein, A (2022). Check your financial privilege. Retrieved from https://www.amazon.com/Check-Your-Financial-Privilege-Gladstein/dp/B09V2NM9VJ

 

 

bottom of page