UFC star Renato Moicano says he wants to get his bonus paid in bitcoin as he predicts a rise in interest rates. 

“Bitcoin, even though it’s dropping a little bit, I think is [a] defense against the tyrant state, it’s a defense against inflation too, because eventually it’s going to go up because everybody’s knowing what Bitcoin is,” Moicano explained on “Making Money,” Wednesday. 

The mixed martial artist argued that the government’s failure to “control” the supply of money and incessant printing of money will be “beneficial” for the cryptocurrency.

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“The dollar is losing value because the interest rates, because the government keeps printing money. Keep[s] doing your handouts, keep doing, like, welfare to the people,” Moicano stressed.

Bitcoin represents “supply, demand and scarcity,” a “huge part” of the Austrian School of Economics, he told host Charles Payne. 

Moicano, a proponent of the Austrian School of Economics, first discovered the theory when he joined the UFC.

“The government started to take my money. And then I started to realize I have to learn to understand [about] money because it’s not only about getting money. You have to pay taxes; you have to contribute. You have to understand what you’re doing,” he explained.

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Moicano praised the Austrian economics school’s principles, suggesting that they’re important “for a free market society, free market of ideas and free market of enterprise.”

The Brazilian native argued that some Americans don’t understand how important it is to “love the empire of the laws.”

“What made America successfully rich and prosperous was the free market society, free market of ideas and the accountability and the system of justice,” he expressed.

Moicano went on to add that people take America for granted.

“Be grateful to be born in America and be grateful for the empire of the law, that America has the justice system, and be grateful for the economic[s] that we have over here,” Moicano stressed.

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Some recently laid-off Tesla employees reportedly experienced a mix-up with their severance packages.

CEO Elon Musk emailed workers about the issue on Wednesday, saying it had “come to my attention that some severance packages are incorrectly low,” CNBC reported.

Earlier in the week, Tesla had disclosed in a Securities and Exchange Commission (SEC) filing that it planned to lay off 10% of its workers.

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“My apologies for this mistake,” Musk went on to say in the email about the severance package issue, according to CNBC. “It is being corrected immediately.”

Tesla did not respond to FOX Business’ request for comment.

With more than 140,400 employees at the end of 2023, Tesla’s 10% cut could result in 14,000 people losing their jobs.

When announcing the job cuts, Tesla said the company has seen a “duplication of roles and job functions in certain areas” amid its “rapid growth” in recent years. 

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Tesla disclosed alongside the layoffs that its senior vice president of powertrain and energy engineering, Andrew Baglino, had left after an 18-year stint at the company.

“We believe it is extremely important to look at every aspect of the Company for cost reductions and increasing productivity,” the EV maker said. “This action will prepare Tesla for our next phase of growth, as we are developing some of the most revolutionary technologies in auto, energy and artificial intelligence.”

Tesla reported earlier this month that its quarterly deliveries declined for the first time in nearly four years and fell short of Wall Street analysts’ estimates. The automaker delivered about 387,000 vehicles in the first quarter – well below expectations of about 443,000 and an 8.5% decrease compared with the first quarter of last year.

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In late January, as the company released its fourth-quarter results, Tesla told analysts and investors that it was “between two major growth waves: the first one began with the global expansion of the Model3/Y platform and the next one we believe will be initiated by the global expansion of the next-generation vehicle platform.” 

It said its vehicle growth rate “may be notably lower” than 2023’s “as our teams work on the launch of the next-generation vehicle at Gigafactory Texas.”

FOX Business’ Stephen Sorace and Eric Revell contributed to this report.

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Borrowers with good credit seeking personal loans during the past seven days prequalified for rates that were higher for 3-year loans and lower for 5-year loans when compared to fixed-rate loans for the seven days before.

For borrowers with credit scores of 720 or higher who used the Credible marketplace to select a lender between April 11 and April 17:

Personal loans have become a popular way to consolidate debt and pay off credit card debt and other loans. They can also be used to cover unexpected and emergency expenses like medical bills, take care of a major purchase, or fund home improvement projects.

Average personal loan interest rates increased over the last seven days for 3-year loans and decreased for 5-year loans. While 3-year loan rates rose by 0.24 percentage points, rates on 5-year loans fell by 0.03 percentage points. Interest rates for both terms remain significantly higher than they were this time last year, up 1.63 percentage points for 3-year terms and up 3.73 percentage points for 5-year terms.

Still, borrowers can take advantage of interest savings with a 3- or 5-year personal loan, as both loan terms offer lower interest rates on average than higher-cost borrowing options such as credit cards. 

But whether a personal loan is right for you depends on multiple factors, including what rate you can qualify for, which is largely based on your credit score. Comparing multiple lenders and their rates helps ensure you get the best personal loan for your needs. 

Before applying for a personal loan, use a personal loan marketplace like Credible to comparison shop.

Here are the latest trends in personal loan interest rates from the Credible marketplace, updated weekly.

The chart above shows average prequalified rates for borrowers with credit scores of 720 or higher who used the Credible marketplace to select a lender. 

For the month of March 2024:

Rates on personal loans vary considerably by credit score and loan term. If you’re curious about what kind of personal loan rates you may qualify for, you can use an online tool like Credible to compare options from different private lenders.

All Credible marketplace lenders offer fixed-rate loans at competitive rates. Because lenders use different methods to evaluate borrowers, it’s a good idea to request personal loan rates from multiple lenders so you can compare your options.

In March, the average prequalified rate selected by borrowers was: 

Depending on factors such as your credit score, which type of personal loan you’re seeking and the loan repayment term, the interest rate can differ. 

As shown in the chart above, a good credit score can mean a lower interest rate, and rates tend to be higher on loans with fixed interest rates and longer repayment terms. 

Many factors influence the interest rate a lender might offer you on a personal loan. But you can take some steps to boost your chances of getting a lower interest rate. Here are some tactics to try.

Generally, people with higher credit scores qualify for lower interest rates. Steps that can help you improve your credit score over time include:

Personal loan repayment terms can vary from one to several years. Generally, shorter terms come with lower interest rates, since the lender’s money is at risk for a shorter period of time.

If your financial situation allows, applying for a shorter term could help you score a lower interest rate. Keep in mind the shorter term doesn’t just benefit the lender – by choosing a shorter repayment term, you’ll pay less interest over the life of the loan.

You may be familiar with the concept of a cosigner if you have student loans. If your credit isn’t good enough to qualify for the best personal loan interest rates, finding a cosigner with good credit could help you secure a lower interest rate.

Just remember, if you default on the loan, your cosigner will be on the hook to repay it. And cosigning for a loan could also affect their credit score.

Before applying for a personal loan, it’s a good idea to shop around and compare offers from several different lenders to get the lowest rates. Online lenders typically offer the most competitive rates – and can be quicker to disburse your loan than a brick-and-mortar establishment. 

But don’t worry, comparing rates and terms doesn’t have to be a time-consuming process.

Credible makes it easy. Just enter how much you want to borrow and you’ll be able to compare multiple lenders to choose the one that makes the most sense for you.

Credible is a multi-lender marketplace that empowers consumers to discover financial products that are the best fit for their unique circumstances. Credible’s integrations with leading lenders and credit bureaus allow consumers to quickly compare accurate, personalized loan options – without putting their personal information at risk or affecting their credit score. The Credible marketplace provides an unrivaled customer experience, as reflected by over 6,500 positive Trustpilot reviews and a TrustScore of 4.7/5.

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Kelly played a clip of a recent interview that Couric gave to Bill Maher on his podcast in which she described political polarization in the...