Renato Moicano, a Brazilian mixed martial artist, made an impressive victory speech after his UFC 300 battle on April 13. In the hours leading up to the organization’s decision, Moicano requested that the $300,000 prize be paid out in Bitcoin (BTC).
The UFC fighter’s tweet on X (formerly Twitter) attracted the interest of crypto market participants and enthusiasts.
Nevertheless, after his dominant performance against Justin Gaethje, Max Holloway was awarded the $300,000 Performance of the Night prise. Even though he didn’t get the bonus, Renato Moicano was a good sport and acknowledged that Holloway was deserving of the award.
After defeating Jalin Turner in the ‘Early Prelims’ card, the lightweight fighter made a strange remark. “I want to be a gun owner and carry concealed weapons; I adore property rights; and I love the United States of America. Additionally, if you are concerned about the state of your nation, I recommend reading Ludwig von Mises’s works as well as the Six Lessons of the Austrian School of Economics.”
The winner of UFC 300 cited Mises’s “Economic Policy: Thoughts for Today and Tomorrow,” according to Students For Liberty.
The application of several Austrian economic ideas to the concept of money led to Bitcoin, which is well-known. Ludwig von Mises is well-known for providing a detailed description of inflation and the disastrous consequences it has on economies across the globe.
As a result, Bitcoin has recently gained popularity as a means of exchange that might potentially solve these problems and even serve as a hedge against inflation. The connection between Renato Moicano’s remarks at UFC 300 and his demand for the $300,000 bonus is now clear.
Although Satoshi Nakamoto originally envisioned Bitcoin as “A Peer-to-Peer Electronic Cash System,” the cryptocurrency still has a ways to go before it can really serve as a means of trade. Consider the fact that, once again, the average network costs are equal to the average daily income around the globe. Bitcoin average costs for a working day globally reached a 4-month record high, according to Finbold.
Renato Moicano, a UFC 300 fighter and Bitcoin fan, is one of many who are keeping this dream alive by transacting in Bitcoin. The only remaining issue is whether or not the Ultimate Fighting Championship organisation will go ahead and accept using the top cryptocurrency for payments.
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