If you’re looking for 50 Cent you can probably find him in the club, celebrating his new Bitcoin fortune worth over $7 million.
Yeah. Apparently years ago while you were all snoozing on the future cryptocurrency fad, rapper 50 Cent “took a chance” on Bitcoin and started accepting the digital coin as payment for his music.
He essentially forgot all about it, until the recent Bitcoin boom reminded him, and has since realized the move seriously paid off.
The rapper’s unexpected riches were first reported by TMZ on Tuesday, who noted 50 Cent first started accepting Bitcoin as payment after releasing his 2014 album, “Animal Ambition.”
Back then the currency was valued at around $662 per Bitcoin, so people could buy an album for a teeny tiny fraction of a bitcoin.
“Animal Ambition” reportedly earned around 700 Bitcoin in sales according to TMZ’s sources, which already uh translates to more than $400,000 in 2014 dollars.
In 2018 Bitcoin’s been booming, and the current value of the rapper’s forgotten digital currency is around $7.7 million based on today’s Bitcoin price. Casual.
50 Cent addressed the news on Instagram, sharing a screenshot from the TMZ article with the caption, “Not Bad for a kid from South Side, I’m so proud of me. LOL #denofthieves”
While Bitcoin’s had a good run the past few months, it’s been crashing recently so 50 might want to make some moves.
Perhaps these valuable life experiences will lead to a future Bitcoin rap album: “Get Rich on Bitcoin, or Die Tryin.”