The use of Bitcoin is rapidly growing in various industries, including sports, where it is becoming a norm. Evidence of this is seen with a UFC champion requesting his winnings to be paid in Bitcoin, highlighting Bitcoin’s rising influence in the sports world.
Bitcoin Becomes Price Of Choice For UFC Winner
Renato Moicano, a successful Brazilian Mixed Martial Artist and UFC winner with a $300,000 bonus, expressed his intention on X (previously Twitter) on April 14th to receive his earnings in Bitcoin. This unexpected announcement sparked excitement among crypto supporters who left encouraging comments under the post.
On Saturday, April 13, at UFC 300, Moicano defeated American MMA fighter Jalin Turner via knockout for his third straight victory. After securing this impressive win, Moicano stepped up to the microphone to deliver a brief yet impactful message.
The triumphant UFC fighter openly declared his deep-rooted affection for America. He highlighted his reverence for our Constitution and the cherished freedom of speech it guarantees through the First Amendment. With fervor, he urged anyone genuinely devoted to their homeland to explore Ludwig Von Mises’ teachings. This esteemed American-Austrian economist is renowned for his publication, “The Six Lessons of Austrian Economics.”
Mises’ Six Lessons is a collection of Mises’ views on topics like inflation, capitalism, socialism, interventionism, foreign investment, and politics. Moicano recommends reading this book as its economic insights could greatly benefit and fuel the progress of a nation.
It’s intriguing that “The Six Lessons in the Theory of Money and Credit” by Ludwig von Mises is seen as a foundational text for interpreting Bitcoin by many. These lessons provide significant perspectives on tackling contemporary economic issues, some of which Bitcoin addresses quite effectively.
Bitcoins’ value as a digital asset believed to represent the ultimate value reserve makes it an effective shield against economic inflation for investors. In times of financial instability, Bitcoin offers a secure space to protect one’s wealth. Previously, Bitcoin was also considered a reliable predictor of inflation, implying its potential use in monitoring price increases.
The Rise Of Crypto In Sports Sector
Starting from their beginnings, cryptocurrencies have experienced significant growth in various fields, addressing the shortcomings of conventional financial systems. This expansion not only demonstrates the rising usage and approval of Bitcoin and other digital currencies amongst numerous sectors but also reveals a heightened curiosity among athletes and sports teams.
Moicano asked for his bonus in Bitcoin, showing his backing for the cryptocurrency. On the other hand, Vechain secured a significant deal worth $100 million over five years as their blockchain partnered with the UFC on April 13.
In the beginning of 2022, the mixed martial arts organization disclosed that it would reward its fighters with cryptocurrencies instead of traditional bonuses. This news underscores the increasing presence of cryptocurrencies in sports industries, going beyond UFC to encompass fields such as football and basketball.
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2024-04-15 17:10