50 Cent Accidentally Made $8 Million in Bitcoin

Back in 2015, 50 Cent filed for bankruptcy, and spent the next year and a half paying off more than $ 22 million in debt to get even. Now, at the beginning of 2018, he’s found out that he accidentally became a bitcoin millionaire. A lot can happen in two years.

TMZ reports that when the rapper released his 2014 album Animal Ambition, he accepted payment in the form of bitcoin. In those long ago days, people weren’t hungrily chasing cryptocurrency fluctuations like they do today. Bitcoin was worth just $ 662, meaning fans paid fractions of bitcoin for the release, which added up to 700 bitcoin total in album sales. Then, it just sat there.

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“I’m a keep it real I forgot I did that shit. Lol,” 50 Cent said in an Instagram comment after the story broke. Turned out to be a great investing technique, though. Because right this instant, those 700 bitcoins are worth more than $ 7.8 million. If he’d cashed them in after the album drop, they would’ve only made him about $ 400,000.

“Not bad for a kid from South Side, I’m so proud of me,” he also posted. Probably about as proud as every bitcoin investor who bought into it in these past few months is jealous—those prices are high now, and its worth is fluctuating like crazy. Speaking of, it might not hurt for 50 Cent to cash out before bitcoin becomes absolutely worthless. Either that, or become an expert on the strange investing world of cryptocurrency.

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Lifestyle – Esquire

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