Monday, November 30

Brazilian Jiu-Jitsu Champion Says He Lost Bitcoin Bought in 2015

Among the latest happenings from the world of cryptocurrencies, the former international Brazilian Jiu-Jitsu Federation World No-Gi Champion, Craig Jones, revealed he lost the Bitcoin he bought in the year 2015. Craig Jones has also won Combat Club Trials in Abu Dhabi twice. At the time of his Bitcoin purchase in 2015, it was priced in the range of $200 to $400. Craig Jones said that he bought Bitcoin along with a couple of friends in 2015 and forgot about the purchase immediately afterward. 

However, when the price of Bitcoin skyrocketed around the year 2017, he and his friends tried hard to locate where the password of their accounts but couldn’t retrieve it. Craig Jones has even won Crypto-assets as a prize once where he was paid $1,000 in BTC or Bitcoin Cash for a match held in the United Kingdom. In 2017, when Craig Jones wanted to retrieve his Bitcoins to sell, the price of the Bitcoin was at its peak of more than $20,000. Coinjar is a crypto exchange based our of Melbourne, and it recently announced that it has decided to sponsor Craig Jones through his crypto exchange account. 

Craig Jones is not the only one from the world of fighters to jump onto the crypto bandwagon. Many popular names from the fighting organizations from across the globe have been turning their attention to digital currencies and cryptocurrencies. In 2015, popular name from the world of Ultimate Fighting Championship or UFC in short, Jon Fitch was amongst the first MMA fighter that has been paid through Bitcoin Cash. In April, another popular UFC fighter named Ben Askren promoted the use of Bitcoin for giving rewards through his official Twitter account. 

Craig Jones is popular in the fighting world for knocking down his opponents using his famous leg locks. Many global organizations, including banking and financial organizations as well as governments, have been trying to find ways to regulate the use of cryptocurrencies. The attempt by the various organizations in the field of MMA and similar space is an addition to the continuing interest in cryptocurrencies and how it can be used to replace the conventional monetary systems in use for long. 

Craig Jones, after losing his Bitcoins, did attempt to contact the experts to find a way to retrieve it. However, the meticulous security and complex nature of the cryptocurrency world, especially Bitcoin, makes it almost impossible to trace the lost account, Bitcoin, or its address. However, this incident has only fueled his interest further in the crypto world, and the lesson learned has ensured that he takes necessary precautions the next time he is treading in cryptocurrencies.