50 Cent Is Now The First Rapper To Become A Bitcoin Millionaire

0
50 Cent Is Now The First Rapper To Become A Bitcoin Millionaire
By Alex Const (originally posted to Flickr as 50 cent) [CC BY 2.0], via Wikimedia Commons

After 50 Cent made the move to accept Bitcoin for his album “Animal Ambition,” he became the first rapper to become a cryptocurrency millionaire.

Bitcoin Millionaire

Earlier this week, the celebrity gossip site TMZ reported that 50 Cent had earned roughly 700 BTC after making the decision to accept the cryptocurrency for his album. It turned out to be a smart move for the rapper, as payments that initially amounted to $400k are currently worth between $7 million and $9 million.

50 Cent has recently confirmed his Bitcoin millionaire status by reposting the TMZ article to Instagram with the caption “Not Bad for a kid from South Side, I’m so proud of me.” He also mentioned that he had actually forgotten about the pile of Bitcoin that had piled up since the release of Animal Ambition move. Forgetting about it rather than selling seems to have paid off, however, as a payment from $400k to almost $9 million is exponential, and that value may only continue to grow.

RV Capital 1H