BUSINESS

50 CENTS IS NOW A BITCOIN MILLIONAIRE

50cents
50 CENTS IS NOW A BITCOIN MILLIONAIRE

Rap artist 50 Cents decision to be paid with bitcoin back in 2014 for his album “Animal Ambition” has actually brought him millions of $ in crypto-currency.

On Tuesday, buzz website TMZ reported that 50 Cent, whose birth name is Curtis Jackson, had amassed circa 700 BTC after deciding to be paid with cryptos. At the time the rapper accepted fundings through the platform BITPAY. Back in 2014 the album sales totaled about $400k but now, after the 2016-2017 BTC price spike, such holdings are worth someplace in between $7 million and $9 million. That’s a crazy investment !

The popular artist has somehow confirmed TMZ news by publishing in his Instagram such statement: “Not Bad for a kid from South Side, I’m so proud of myself.” He also added that he almost forgot about his BTC holdings for a while, after noticing all the buzz around the crypto-currency surged past year.

Jackson has a history of entrepreneurial success, he was an early investor in Glaceau, later on acquired by Coca-Cola for $4.1 billion. He has a comprehensive portfolio that consists of a clothes line, dietary supplements and several other industries assets.

He made waves by taking the bold and unpopular (at that time) decision to accept bitcoin for his work.
That year, for instance, rock group Mastodon likewise began taking bitcoin through BitPay, and in November of in 2015, Icelandic vocalist Bjork exposed that her “Utopia” album would be readily available to purchasers utilizing numerous cryptocurrencies.

Maybe this is just the beginning of a new trend for media content and artists works to be offered in exchange for un-banked currencies.

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