50 Cent made millions on a Bitcoin investment he forgot about

January 25, 2018

BTW

When 50 Cent‘s Animal Ambition came out in 2014, it didn’t really make a dent on the charts, but thanks to an investment in Bitcoin, the album has now reportedly netted between $7 and $8.5 million.

The rapper was allegedly the first to accept the cryptocurrency as payment and received 700 bitcoins for the album. At the time Bitcoin was worth roughly $662 a coin, which equaled out to about $463,000 in album sales. In the four years since, Bitcoin’s value has fluctuated, dropping steadily over the first few weeks of 2018. It sits at around $11,000 a coin, which would make 50 Cent’s 700-bitcoin investment worth more than $7 million.

In a 2014 Reddit AMA, 50 Cent said: “Technology is what’s changing the business gotta get with it.”

50 Cent posted the Tuesday TMZ article about his investment to Instagram, and in a comment he claimed he really did forget about it.

H/T Complex

Read more: https://www.dailydot.com/upstream/50-cent-bitcoin-animal-ambition/