Curtis Jackson AKA 50 Cent has shown once again why he is one of the most successful business men in music, this time it’s with the well renowned cryptocurrency Bitcoin. Apparently he is now sitting on 700 Bitcoins which is worth roughly 8 million dollars.
50 Cent made a decision to sell his new album Animal Ambition for Bitcoins, which at the time was worth $660 each and brought a huge portion of the album sales. A copy of the album went for a fraction of a bitcoin, and 50 Cent’s fans were happy to pay. Now 50 Cent “has announced that he’s been a bitcoin millionaire for quite some time and just didn’t know it. Or at least, he’d forgotten he was. The rapper and actor revealed that he forgot he was sitting on a stack of 700 bitcoins, having taken them from some fans as payment for his 2014 album, Animal Ambition.”
Fast forward 4 Years later and 50 Cent has realized that he has made one of the best financial decision in his life. In celebrating his newly found wealth 50 Cent posted on his Instagram “Not bad for a kid from South Side, I’m so proud of me.”
50 Cent now joins a group of Bitcoin millionaires who, unlike the rest of us decided to take a risk in buying/accepting Bitcoins as payment in the early days when all we knew about the coin was that it was being used on the black market to buy and sell illegal goods and services.
With analysts predicting that The price of a Bitcoin will surge even higher in the coming years, i’m sure 50 Cent will want to hold on to a few of his coins to see if he can 10x his current profits.