UFC fighter will receive his entire salary in Bitcoin and shrugs off crypto market volatility

Brazilian UFC fighter Luana Pinheiro becomes the first Latin American sportswoman to receive her full salary in BTC.< /p> New

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

Pinheiro is currently ranked 15th in her UFC division and has won eight straight fights. The fighter said she opted to receive her salary in Bitcoin after her boyfriend and fellow mixed martial artist Matheus Nicolau encouraged her.

Comparing Bitcoin to her fighting style, jiu-jitsu, Pinheiro pointed out that she prefers to be paid in BTC and does not care about the volatility of the cryptocurrency. According to her, volatility is the key driver of asset appreciation.

"If there was no volatility, it wouldn't go up either," she said, further explaining:

“Think about it: it takes an average of 10 to 15 years for an individual to earn a black belt in Brazil in Jiu Jitsu, so my time preference here is just as long, if not longer. is just noise to me and the lower the price the more bitcoin I can secure for the future."

Related: Fight for Bitcoin: Brazilian UFC Star to Receive BTC Fight Earnings

The Brazilian also revealed that, for her, Bitcoin works as a hedge against inflation since over the years the purchasing power of fiat currencies has deteriorated with inflation while BTC , despite its corrective movements, continues its bullish trend.

"Remember I'm from Brazil, so I know a thing or two about inflation and its effects. I was born around 1994, around the time the Brazilian Real currency was introduced and pegged 1:1 to the US dollar at the time. It is now 5 BRL for 1 USD. Bitcoin is for that, to protect against inflation...