The Brazilian UFC fighter Renato Moicano won a UFC 300 fight on April 13, making a remarkable victorious speech. Moicano asked for the $300,000 bonus to be paid in Bitcoin (BTC) a few hours before the organization’s decision.
The UFC fighter posted the request on X (formerly Twitter), drawing the attention of cryptocurrency market investors and enthusiasts.
However, Max Holloway received the $300,000 Performance of the Night bonus after an impressive victory against Justin Gaethje. Despite losing the bonus, Renato Moicano showed sportsmanship and said Holloway deserved the prize.
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“Huge congratulations to Max Holloway… 600k bonus he absolutely deserves!!!”
– Renato Moicano
Renato Moicano’s UFC 300 speech: ‘Read Ludwig Von Mises’
Interestingly, the lightweight fighter made an unusual speech after winning against Jalin Turner in the ‘Early Prelims’ card.
“First of all, I love America, I love the Constitution, I love the First Amendment, I want to carry and own guns, I love property. And let me tell you something, if you care about your country, read Ludwig Von Mises and the Six Lessons of the Austrian Economic School.”
– Renato Moicano
Students For Liberty explained the UFC 300 winner references the book “Economic Policy: Thoughts for Today and Tomorrow,” by Mises.
Bitcoin and Austrian Economics
Notably, Bitcoin is known as the result of many Austrian Economic principles applied to the idea of money. Ludwig Von Mises is a prominent name in precisely describing inflation and its nefarious effects on worldwide economies.
Therefore, Bitcoin surges as a financial tool theoretically capable of addressing these issues and supposedly acts as an inflation hedge. This explains the relation between Renato Moicano’s speech at the UFC 300 and his request regarding the $300,000 bonus.
However, despite the original vision Satoshi Nakamoto described as “A Peer-to-Peer Electronic Cash System,” BTC faces challenges being a medium of exchange that people can use. For example, the average network fees have again reached the same level as the world’s average daily income. Finbold reported Bitcoin average fees costing a working day worldwide, at a 4-month record high.
Yet, Bitcoin enthusiasts like the UFC 300 fighter, Renato Moicano, continue to keep this vision alive, using BTC as money. The question now remains if the Ultimate Fighting Championship organization will further agree to make payments using the leading cryptocurrency.
