Last month, it nearly reached $20,000.ĥ0 Cent released Animal Ambition through his G-Unit Records, along with Virgin's Caroline Records. Today, a bitcoin is worth more than $11,000.
The currency's value had topped $1,000 in 2013 when 50 Cent's album came out in the summer of 2014, one bitcoin was worth more than $600. As International Business Times reports, he talked about accepting bitcoin as a way to "stay with times."Įven in 2014, bitcoin's price was fluctuating wildly, vulnerable to news of government clampdowns and hackers' attacks on exchanges. On the day the album came out, 50 Cent took part in an Ask Me Anything on Reddit. The game company Zynga accepted it for some purchases, as did Dell and electronics retailer Newegg - and by the end of the year, so did Microsoft. As NPR reported in 2016, "He says he's broke, but he posted Instagram photos showing piles of cash in a refrigerator."īack when 50 Cent released his 2014 album, bitcoin was mostly known as a "virtual currency" that was still trying to push its way into the mainstream. The story of 50 Cent's bitcoin windfall is emerging just a few years after the rapper filed for bankruptcy protection under his given name, Curtis Jackson.
TMZ reports that Animal Ambition brought the rapper around 700 bitcoins - worth several hundred thousand dollars at the time and around $7.7 million at today's rate. In an additional comment that could either amaze or exasperate people who would love to find a pile of money, 50 Cent added, "I'm a keep it real. Alongside emojis of a sack of money and a person holding up their hands in a "What?" pose, he added, "LOL." "Not Bad for a kid from South Side, I'm so proud of me," 50 Cent wrote in an Instagram post citing TMZ's story about his unexpected windfall. When 50 Cent agreed to accept bitcoin for purchases of his 2014 album, Animal Ambition, a unit of the cryptocurrency was already worth hundreds of dollars - but the value of those sales has since skyrocketed and the rapper's bitcoin holding is now reportedly worth more than $7.5 million.
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