50 Cent has given a cryptocurrency chance before anyone knew what cryptocurrency even was. On Tuesday TMZ.com reported that Curtis “50 Cent Jackson” made a lot of money thanks to bitcoin.
His benefits amount to over $7 million according to current exchange rates.
50 Cent was the first rapper who started accepting Bitcoin as a payment for his 5th Album “Animal Ambition” released in 2014. The price was $US 5.50 or the equivalent of 0.0088 BTC (in that time) and the artist made about 700 bitcoins which were worth more than $400.000.
He posted on reddit the following: “Stay with [the] times. Technology is what’s changing – the business gotta get with it. I take money no matter if its coins or dollars.”
The Rapper told that he have kept all his bitcoins without selling them for years until 2018. As the cryptocurrency has grown during that time, in this moment Jackson’s 700 coins are now worth more than $7 million.
50 Cent has tweeted about it.
He also posted on Instagram: “Not Bad for a kid from South Side, I’m so proud of me” commenting that he had forgotten he even owned the coins.
TMZ claims that 50 Cent might think twice about withdrawing his earnings now. Since the overall cryptocurrency market has declined significantly over the past month, it may be better for 50 cent to sit it out, if he can afford it.