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UFC fighter wants salary in coins (BTC): crypto volatility doesn't matter to her

 


Ultimate Fighting Championship (UFC) fighter Luana Pinheiro announced that she has partnered with Bitwage and will be paid in Bitcoin ( BTC ). Pinheiro said she continues to receive fiat payments from her sponsors but would immediately convert them to BTC via Bitwage.


Pinheiro is currently ranked 15th in her UFC division and has won eight fights in a row. The fighter said she chose to receive her salary in bitcoin after her friend and mixed martial artist Matheus Nicolau persuaded her to do so.


Pinheiro compared bitcoin to her fighting style, jiu-jitsu, and stressed that she would rather be paid in BTC than worry about the cryptocurrency's volatility. In her opinion, volatility is the key driver of wealth growth.


"If it weren't volatile, it wouldn't be going up," she said.


"Think about it: it takes an average of 10-15 years to get a black belt in jiu-jitsu in Brazil, so my timeline here is just as long, if not longer. Everything else is just noise to me, and the lower the price, the more bitcoin I can secure for the future."

The Brazilian also stated that she sees Bitcoin as a hedge against inflation, as the purchasing power of fiat currencies has declined over the years with inflation, while BTC continues to show an uptrend despite its corrections.


"Don't forget that I'm from Brazil, so I know quite a bit about inflation and its effects. I was born in 1994 when the Brazilian currency, the real, was introduced and pegged to the US dollar at a rate of 1:1. Now 5 BRL is only still $1. Bitcoin is there to protect against inflation," she said.


In addition to Nicolau and Pinheiro, professional footballers Alex Barrett, Achara Ifunanyachi and Alex Crognale also receive their income in Bitcoin.


The UFC has formed several partnerships with crypto companies. In April, the UFC partnered with crypto exchange Crypto.com , allowing fighters to receive their fan bonuses in BTC. The fan bonus will be paid by Crypto.com to the top three fighters in the upcoming pay-per-view events.


Separately , in June, the UFC entered into a multi-year marketing partnership with blockchain logistics company VeChain Foundation.

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