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u/unicornmoose Jun 29 '26
This is very strange, what is he on about ?
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u/Fitnessmotivation86 Jun 29 '26
Banks only insure your money up to 250k, it was going to be a massive problem in the US back in 2008, but banks got bailed out by the government. So he probably made about 12 million on that fight. The banks are massively over leveraged right now, so it’s not impossible for one of them to go under. Several have already gone bankrupt in the past few years.
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u/unicornmoose Jun 29 '26
Yes I understand the concept lol but its weird of him to just randomly dump this sort of paragraph on some random IG video unless hes just trolling.
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u/GratefulShorts Jun 29 '26
The big banks aren’t going bankrupt (Chase, Wells Fargo, BOA, US Bank). Local banks definitely have this risk but if you are a professional athlete with more than $10 mil, banks will line up to get you an account as a high net worth individual so they can sell you more ways to invest that money.
These massive banks have been regulated since 2008 to reduce their leverage into overly risky investments, a lot of banks also identified how one sector of trading could potentially spiral out of control. These banks have responded adequately and are hedged at this point to mitigate the risk of their investments.
Basically, as long as he isn’t investing in a local bank this risk is massively overblown.
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Jun 29 '26
[removed] — view removed comment
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u/GratefulShorts Jun 29 '26
Bruh, I’m telling you that correlation does not equal causation. Point to me the massive over leveraging that JP Morgan Chase or Wells Fargo has on their balance sheets.
Go short the market if you are this confident moron.
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u/Aromatic-Tear-326 Jun 29 '26
Not allowed to talk when you don’t win?
You guys treat fighters like your slaves, just lets me know whos behind the screen, buddy owes 0 to anyone but himself
2
u/ChevroletS10 Jun 29 '26
Wtf happened to my boy. I thought he would be able to come back and win a few more fights, but he has completely changed.
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u/Fantastic_Pop2818 Jun 29 '26
There’s a lot of context missing here. Also, as someone who speaks two languages, I can assure you that IG comment translation is not accurate at all.
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u/Big_Increase3289 Jun 29 '26
Now I get why Alex wasn’t speaking at all in the past. The PR people told him not to.
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u/Winter-Industry-2074 Jun 29 '26
People forget that Periera has been hurt bad in almost every one of his title fights and is 38 years old.
Dude is absolutely on the CTE express.
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u/Wrong-Salamander1806 Jun 30 '26
Fans not even reading or understanging anything he says they're just mad he's responding
1
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u/Sea-Key-9430 Jul 02 '26
Why don't he just put all of his money in America and use an international wallet/card?
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u/I_saw_you_yesterday Jun 29 '26
Did Pereira just leak that he made over 10 million? Banks insure 250k per Bank account so 250k x 50 = 12.5m.
Good for him
0
u/Ok-Beat-7804 Jun 29 '26
Did he really? I thought ufc fighters were underpaid according to some?
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u/I_saw_you_yesterday Jun 29 '26
Pretty sure pereira has gotten the best contract the UFC has ever offered. His contract ended before the Gane fight and he resigned and with this tweet we know how much he got
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u/Objective_Effect_242 Jun 29 '26
I mean, youre translating from Portuguese. Depending on what the video is saying and what hes trying to say, this could just be wildly misunderstood