On “Making Money,” mixed martial artist Renato Moicano explains his attraction to the Austrian economy and shares his love for America.
UFC star Renato Moicano says he wants to receive his bonus payments in Bitcoin as interest rates are expected to rise.
“Even though Bitcoin has fallen a little, [a] It is a defense against tyrannical states, and it is also a defense against inflation. Because everyone knows what Bitcoin is, so it’s going to go up eventually,” Moicano explained on Wednesday’s “Making Money.”
The mixed martial arts fighter argued that governments cannot “control” the money supply and constantly printing money would be “beneficial” to cryptocurrencies.
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“The value of the dollar is going down because of interest rates and because the government keeps printing money.[s] Please continue to give alms and provide welfare to others,” Moicano stressed.
He told host Charles Payne that Bitcoin represents “supply, demand and scarcity” and is a “big part” of the Austrian Economics Department.
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Moicano, a follower of the Austrian school of economics, first discovered the theory when he joined the UFC.
“The government started taking my money, and I started realizing that I had to learn to understand.” [about] Because money is not just about getting money. have to pay taxes. you have to contribute. You have to understand what you are doing,” he explained.
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Mr. Moicano praised the principles of the Austrian school of economics and suggested that they were important “for a free market society, a free market of ideas, a free market of enterprises.”
The Brazilian native argued that some Americans don’t understand how important it is to “love the empire of law.”
“What made America successful in wealth and prosperity was a free market society, a free market of ideas, and a system of accountability and justice,” he said.
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Moicano went on to add that people take America for granted.
”Thank you for being born in America And let’s be thankful for the empire of law, the American judicial system, and our economic situation.[s] We have it here,” Moicano emphasized.
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