50 Cent Just Made Millions Off of Bitcoin & Didn't Even Realize it
Get Bitcoin or Die Tryin’
Sometimes the best business moves are the ones you forget about. Let’s look at 50 Cent. Earlier this week, TMZ reported that 50 accepted payment for his 2014 Animal Ambition album in the form of bitcoin, the cryptocurrency that’s blown up in value over the last couple of months.
According to TMZ, Animal Ambition took in about 700 bitcoin in sales, which was worth around $400,000 (or about $662 per bitcoin.) When asked about it during a Reddit Q/A in 2014, 50 said: “Stay with times. Technology is what’s changing the business gotta get with it. I take money no matter if its coins or dollars.”
In 2018, bitcoin has exploded, reaching a high of almost $20,000 per bitcoin last month. Now, a bitcoin is worth anywhere between $10k and $12k per coin, which means 50 is sitting on anywhere between $7 to $8.5 million in coins.
When TMZ published the story, 50 posted about it on Instagram, revealing that he forgot he was sitting on all of that cryptocurrency. He responded to a comment saying “I’m a keep it real. I forgot I did that shit.”
Check out his post below.