50 Cent says he forgot that he agreed to accept Bitcoin for the purchases of his 2014 album Animal Ambition. A unit of the cryptocurrency was already worth hundreds of dollars back then, but since the value has increased, the rapper’s 700 Bitcoins are now worth millions.
50 Cent’s Bitcoin holdings are actually worth about $7.5 million today. “Not Bad for a kid from South Side, I’m so proud of me,” 50 Cent wrote in an Instagram post citing TMZ‘s story about his unexpected windfall. Alongside emojis of a sack of money and a person holding up their hands in a “What?” pose, he added, “LOL.”
According to TMZ‘s sources, Animal Ambition pulled in about 700 Bitcoin in sales … over $400,000, which supposedly sat dormant in his account for years. Fast-forward to today when Bitcoin’s value has fluctuated between $10,000 and $12,000 per coin, and 50 Cent is sitting on anywhere between $7 million and $8.5 million in the world’s most well-known cryptocurrency.
Back when 50 Cent released his 2014 album, Bitcoin was mostly known as a “virtual currency” that was still trying to push its way into the mainstream. The game company Zynga accepted it for some purchases; so did Dell and electronics retailer Newegg and by the end of the year, so did Microsoft. Those who got on the Bitcoin bandwagon made a good amount of money, while skeptics still seem amazed that the cryptocurrency has held a piece of the US market.
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