Brazilian Jiu-Jitsu Champion Craig Jones Lost his BTC Bought in 2015
July 17, 2020 11:33 am
Fighter Craig Jones, a Brazilian Jiu-Jitsu fighter based in Australia, has unveiled that he lost Bitcoin he bought before the 2017 ATH, but will now get tokens from a crypto exchange sponsorship.
A post on the CoinJar blog, on July 16, the 29-year-old former International Brazilian Jiu-Jitsu Federation World No-Gi Champion and two-time Abu Dhabi Combat Club Trials champion purchased Bitcoin (BTC) in 2015 when the price was roughly $200-400. Though, he couldn’t cash in during the price surpassed $20K in December 2017. Jones said:
“Me and a couple of mates bought some bitcoin for s—-s and giggles and then forgot about it almost immediately. Then when things went crazy a couple of years later we were all frantically trying to work out who had the password but nobody could remember how to get our account back.”
Jones, who is known for utilizing leg locks to take down his opponents, has also been paid prize money in crypto assets. As part of a prize for winning a match in the UK, the fighter was awarded $1,000 in Bitcoin Cash (BCH). CoinJar, crypto exchange, based in Melbourne also declared that they would be sponsoring Jones with crypto via his exchange account.
Cryptocurrency and Digital Payments to Fighters
Numerous well-known names in fighting organizations worldwide have been turned onto cryptocurrency and digital payments. Jon Fitch, the Ultimate Fighting Championship (UFC) fighter became one of the first in MMA to be paid in Bitcoin back in 2015.
In April Ben Askren, former Ultimate Fighting Championship (UFC) fighter and well-known Bitcoin bull, used his Twitter account to promote the Bitcoin rewards halving on May 11 and has changed the display name on his Twitter account to “Bitcoin Halving May 13”. Ben Askren has more than 311,000 followers.
The name and date are referring to the official halving event happening in just over 36 days. When the total blocks in the BTC network reach 630,000, the ‘halving’ will reduce the block reward from 12.5 BTC to 6.25 BTC.