 On 2 August 1980, Oliva once again met his opponent from the final of the 1979 European championships, Serik Konakbaev, in the final of the Olympics.This time Oliva reversed the result by beating Konakbaev in front of his home crowd to take the gold medal and win the Val Barker Trophy for being ""Outstanding Boxer"" at the 1980 Olympics.Within two months of winning gold at the Moscow Olympics, Oliva turned professional.