Cent Becomes Accidental Bitcoin Millionaire Via 'Animal Ambition' Album Sales

50 cent bitcoin

"LOL." He added in a comment: "I'm a keep it real".

When American rapper 50 Cent received 700 bitcoins in 2014 for an album "Animal Ambition", he was completely oblivious to the fact that his modest payment would grow to $8 million in a short span of time. "I forgot that I did that s-t".

The current value of one bitcoin is $11000 which now sees the rapper's bitcoin worth over $7 million.

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The story of 50 Cent's bitcoin windfall is emerging just a few years after the rapper filed for bankruptcy protection under his given name, Curtis Jackson. It was back in 2014 when he allowed his fans to buy the album using bitcoin and it looks like the rapper is about to smile all the way to the bank. As NPR reported in 2016, "He says he's broke, but he posted Instagram photos showing piles of cash in a refrigerator". As International Business Times reports, he talked about accepting bitcoin as a way to "stay with times". At that time when cryptocurrency was not yet known to everyone, the value of bitcoin was at around $662 each. From $400,000 in 2014, now he is reportedly sitting on a whopping $7 to $8.5 million cash from bitcoins.

The answer may be surprising, considering how much Bitcoins have been in the news recently, but no. Today, a bitcoin is worth more than $11,000. It even reached almost $20,000 last month! 50 Cent described it to Complex magazine as being about prosperity and entrepreneurial energy.

Apparently, he pulled in around 700 bitcoins for the release, which was around $400,000 Dollars in sales at the time. "It's how he got rich and didn't die trying".

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