Rapper 50 Cent Inadvertendly Makes Millions in Bitcoin
- The rapper 50 Cent on Wednesday confirmed a TMZ report that he had made millions by accepting bitcoin for his 2014 album, “Animal Ambition.”
- He said in an Instagram post that he “forgot” about the cryptocurrency payments, which sat in his account for four years and, according to TMZ, are now worth between $7 million and $8.5 million.
The rapper 50 Cent on Wednesday confirmed a TMZ report that he had made about $8 million by accepting bitcoin as payment for his 2014 album, “Animal Ambition.”
TMZ calculated that the 700 bitcoins 50 Cent received for the album in 2014 and sat untouched in his account for four years would be worth between $7 million and $8.5 million today.
The rapper confirmed the report by posting a screenshot of the TMZ article on Instagram with the caption: “Not bad for a kid from South Side, I’m so proud of me.”
The Verge notes that he later commented on the post, which has since been deleted, “Ima keep it real, I forgot I did that shit lol.”