Ultimate Fighting Championship (UFC) fighter Luana Pinheiro 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 converts them to BTC immediately through Bitwage.\u00a0<\/p>\n
Pinheiro is currently ranked 15th in her UFC division and has won eight consecutive fights. The fighter said\u00a0she chose to receive her salary in Bitcoin after her boyfriend and fellow mixed martial artist Matheus Nicolau encouraged her.<\/p>\n
Comparing Bitcoin to her fighting style, jiu-jitsu, Pinheiro highlighted that she prefers to get paid in BTC and that she does not care about the volatility of the cryptocurrency. According to her, volatility is the key factor that drives asset appreciation.<\/p>\n
\u201cIf it weren’t volatile, it wouldn’t go up either,\u201d she said, further explaining: <\/p>\n
\u201cThink about it: it takes an average of 10\u201315 years for an individual to obtain a black belt in Brazil in Jiu Jitsu, so my time preference 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.\u201d<\/p><\/blockquote>\n
Related: <\/em><\/strong>Fight for Bitcoin: Brazilian UFC star to receive fight earnings in BTC<\/em><\/strong><\/p>\n
The Brazilian also revealed that, for her, Bitcoin works as a hedge against inflation\u00a0since over the years the purchasing power of fiat currencies has been deteriorating with inflation while BTC, despite its corrective movements, continues in an uptrend.<\/p>\n
\u201cDon’t forget 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 currency Real was introduced and pegged 1:1 to the U.S. dollar at the time. It is now 5 BRL for 1 USD. Bitcoin is for that, to protect against inflation,\u201d she said.<\/p>\n