Music Biz- 50 Cent Earned Millions Selling His Album for #Bitcoin
According to TMZ – 50 Cent took a chance on bitcoin years before anyone knew what cryptocurrency even was … and it’s paid off more than 7 million times over.
Now lets go back to 2014 and 50’s album, “Animal Ambition,” when the rapper became the first to accept bitcoin — which was then valued at around $662/bitcoin — as payment for his work. We’re told customers could get a copy of the album for just a fraction of a whole bitcoin.
TMZ’s sources say “Animal Ambition” pulled in about 700 bitcoin in sales … over $400k. We’re told the cryptocurrency sat dormant in his account for years.
Fast-forward to today — when bitcoin’s value has fluctuated between $10k and $12k per coin. Turns out 50 is a money genius … sitting on anywhere between $7 million and $8.5 million.
The market has steadily declined over the last few weeks, so 50 might wanna think about unloading soon while the gettin’s still good.
Original Article TMZ.com
