50 Cent became the first rapper who started accepting Bitcoin as payment for his fifth album “Animal Ambition” released in 2014. At $5.50 a copy that has been comparable to 0.0088 BTC in 2014, the unexpected “money genius” made about 700 bitcoins worth more than $400,000 that year.
The rapper is reported to have kept most of his bitcoins without selling them for decades until 2018. During that point the cryptocurrency has grown immensely -- with the existing price set at around $11,000, Jackson's 700 coins are now actually worth significantly more than $7 mln.
50 Cent has confirmed the headlines of his successful ‘Hodling' on Twitter:
A little bitcoin anyone? LOL. l know l make you sick but excuse me...I’m getting to the bag 💰 #denofthieves pic.twitter.com/DCJu2thDr9— 50cent (@50cent) January 23, 2018
He also posted on Instagram: “Not Bad for a kid from South Side, I’m so proud of me,” commenting he had forgotten he even owned the coins.
TMZ claims that 50 Cent may think twice about withdrawing his earnings now. Since the general cryptocurrency market has declined significantly within the last month, it could be better for 50 cent to sit it out, if he are able it.
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