{"id":268605,"date":"2020-07-17T18:24:14","date_gmt":"2020-07-17T22:24:14","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=268605"},"modified":"2021-09-17T06:06:03","modified_gmt":"2021-09-17T10:06:03","slug":"jiu-jitsu-fighter-claims-he-lost-the-bitcoins-he-bought-in-2015","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/jiu-jitsu-fighter-claims-he-lost-the-bitcoins-he-bought-in-2015","title":{"rendered":"Jiu-Jitsu Fighter Claims He Lost the Bitcoins He Bought in 2015"},"content":{"rendered":"
Cryptocurrency investors tend to come into the market with the hopes of making it big. However, some get unlucky and miss out on some massive gains due to various reasons.\u00a0<\/span>One of the unlucky ones appears to have been Craig Jones, a Brazilian fighter based in Australia.<\/span><\/p>\n Earlier this week, the 27-year-old former International Brazilian Jiu-Jitsu Federation World No-Gi Champion <\/span>wrote<\/span><\/a> on the CoinJar blog that he had purchased Bitcoin back in 2015. At the time, he and a few friends had bought it as a joke, since it was so cheap. Sadly, they missed out on the chance to cash out of it due to negligence.<\/span><\/p>\n \u201cMe 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\u2026 we were all frantically trying to work out who had the password but nobody could remember how to get our account back.\u201d<\/span><\/p>\n While Jones didn\u2019t give a number on how many Bitcoins he had bought at the time, he still missed out on a golden opportunity. Bitcoin and several other cryptocurrencies were riding off a historic high as of December 2017, with the top digital asset nearly hitting the $20,000 price point. Jones and his camp could have easily cashed out then.<\/span><\/p>\n Even with the market crash and the arduous climb back, Bitcoin is still worth over $9,000 today. If they decide to sell, they\u2019d still make a sizable return on their investment.\u00a0<\/span>Jones still has his chance, however, as he has notably been getting some of his prize money for fights in Bitcoin. CoinJar announced that it would be sponsoring the fighter\u2019s exchange account with some crypto, and he also once got paid $1,000 in Bitcoin Cash as part of his winnings for a match.<\/span><\/p>\n The Brazilian is the second fighter this year to confirm a link with the crypto space. In April, Ben Arsken, a former fighter under the Ultimate Fighting Championship (UFC) banner, changed his Twitter name to promote the then-upcoming Bitcoin halving.<\/span><\/p>\n Arsken is perhaps the most pro-crypto mixed martial arts fighter out there. He is a known Bitcoin bull, and he merely used his platform to draw attention to one of the industry\u2019s watershed moments of the year. He continued to change the countdown every day until the halving came and went.<\/span><\/p>\n Apart from his love for Bitcoin, Arsken is also a noted Litecoin bull. In 2019, he <\/span>announced<\/span><\/a> on Twitter that the Litecoin Foundation had sponsored his match. He also shared pictures on his Instagram page that showed him wearing a Litecoin-branded outfit.<\/span><\/p>\n The Litecoin Foundation did quite a lot of work with the UFC. Apart from sponsoring Arsken, the company announced <\/span>in a <\/span>blog post<\/span><\/a> that it had become the \u201cOfficial Cryptocurrency Partner\u201d of UFC 232. The event, which took place in Inglewood, California, on December 29, 2018, showcased a headline bout between Alexander Gustafson and Jon Jones.<\/span><\/p>\n However, Arsken has also been critical of XRP in the past. Early this year, with the third-most valuable cryptocurrency facing intensified scrutiny from industry experts and regulators, he took to Twitter to <\/span>share<\/span><\/a> that he believed the asset was a scam.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"A Playful Investment that Could Have Yielded Results<\/b><\/h2>\n
Crypto and Fighters<\/b><\/h2>\n