50 Cent Earned Millions From Album Bitcoin Investment
50 Cent has always been a forward-thinking hustler. Back in 2014, the rapper took a chance on bitcoin before its popularity exploded and the cryptocurrency craze took off, and it has paid off more than 7 million times over for him.
According to TMZ, 50 Cent a.k.a. Curtis Jackson accepted bitcoin for his 2014 album Animal Ambition. At the time, bitcoin's rate was around $662 (USD) per itcoin, and fans could buy his fifth album for a fraction of a one. The project brought in about 700 bitcoin in sales, and the roughly $400,000 worth of cryptocurrency sat dormant.
Now in 2018, bitcoin's value swings between $10,000 and $12,000 per bitcoin, meaning 50 Cent has banked between $7 million and $8.5 million off the gamble.
The "Candy Shop" rapper posted the news on his Instagram: "A little bit coin anyone ? LOL. l know l make you sick but excuse me I’m getting to the bag #denofthieves"
He humbly posted about his bitcoin fortune again, saying, "Not Bad for a kid from South Side, I’m so proud of me. LOL #denofthieves."
Bitcoin's rate has been declining, so if 50 is going to sell, he should do it soon.
Original article by Sam Valorose at iHeartRadio