After the Winklevoss twins, another celebrity joined by Bitcoin millionaire club. But the funny part about this is like he had no idea about the small fortune he gathered for the past few years.
According to a report from BBC, back in 2014, the rapper released a new album, Animal Ambition, and announced that fans can pay for it with Bitcoin. This made him the first artist to accept cryptocurrency payments.
He completely forgot about this!
Even though this method of payment wasn’t that popular back then, not the mention that the entire cryptocurrency concept was still unknown to many, 50 Cent still managed to receive a few coins. To be more specific, 700 of them, but he quickly forgot that he had a wallet full of coins.
Four years ago, when the album was released, a Bitcoin was trading at $662, but considering today’s price, of almost $11,000, the total amount 50 Cent has is around $7,7 million. However, let’s not forget that we’re talking about a very volatile coin, so its value could change very fast.
“Not bad for a kid from South Side, I’m so proud of me,” 50 Cent – whose real name is Curtis Jackson – wrote on Instagram, confirming the news in a post that featured a screenshot of the TMZ article, the first place where the story was published.
Shortly after this, the rapper posted another picture of himself on the social network, surrounded by Bitcoins, alongside the caption: “A little bit coin anyone? LOL. I know I make you sick but excuse me I’m getting to the bag.”
Digital currencies, endorsed by celebrities
Over the past year, cryptocurrencies became very popular among celebrities, some of them being paid to endorse various coins on social media.
For example, Jamie Foxx promoted trading exchange Cobinhood back in September, through a post on his Twitter account.
— Jamie Foxx (@iamjamiefoxx) September 18, 2017
Wu-Tang Clan member Ghostface Killah also joined the craze, co-founding Cream Capital, a start-up that wants to develop a network of blockchain ATM cash machines, allowing people to turn their cryptocurrencies into real cash, then withdraw it.