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Renato Moicano ”I love Bitcoin”

by MMAherd
in UFC
Renato Moicano ”I love Bitcoin”

In a wide-ranging interview with Ariel Helwani on The MMA Hour, Renato ‘Money’ Moicano discussed his next UFC fight, thoughts on some of the current roster, and his beliefs, or rather discontentment, with the fiat monetary system we all live by. 

Moicano’s last fight was a unanimous decision victory over Drew Dober on February 4. Despite suffering a nasty cut in the second round, Moicano dominated the ground game, which impressed the judges enough to earn him the win on the scorecards. 

It won’t be long before Moicano is back in action as the Brazilian’s fight with Jalin Turner was the final fight to be confirmed for UFC 300, the organization’s much-anticipated marquee event scheduled for April 13 at the T-Mobile Arena in Las Vegas. Moicano was expecting to fight in Brazil at UFC 301, but after getting a call from the UFC offering the Turner fight, he accepted there and then. Despite working hard on his YouTube channel, it’s still very much in a growth phase, so Moicano wanted to get back in the Octagon sooner rather than later. Fighting, after all, is what pays the bills.

Moicano is an advocate of Bitcoin

Another thing which may be able to pay the bills for Moicano is his investment in Bitcoin, the cryptocurrency which has made the news recently for breaking it’s ‘all-time high’ in terms of price. Ariel Helani asked Moicano if he was a fan of the largest cryptocurrency by market capitalization:

”I love bitcoin. I love decentralization. Bitcoin, for me, is not an investment; it’s more like a hedge fund. Before I started to learn and understand about economics, policies and money, I used to keep my money in the bank. People that keep their money in the bank are the biggest losers.”

Moicano then said that he believes that because of inflation, people should invest their savings rather than keep their money static in the bank as purchasing power decreases over time due to inflation, causing them to lose money. One criticism of Bitcoin is its price volatility, and Moicano referred to this as a result. Despite this, he advocates cryptocurrency and believes it to be a smart investment over the long term.

At the time of writing this article, one Bitcoin was priced at $70,161 according to CoinMarketCap, an increase of 152% at the same time twelve months ago. The UFC themselves have involvement in cryptocurrency. One of their biggest sponsors is Crypto.com. It was announced in April 2022 that as part of the deal, fans could vote for their top three fighters on upcoming pay-per-view cards based on their performances. First place received $30,000 worth of Bitcoin, second place $20,000 and third place $10,000.

Where Bitcoin goes from here is anybody’s guess. Renato ‘Money’ Moicano will be hoping the price continues to rise, much like his popularity and career trajectory in MMA. It’s been a good three years for the Brazilian as he’s won four of his five fights during this period, and he hopes to continue the good run against Jalin Turner at UFC 300.

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