Saturday, 27 January 2018

How 50 Cent made millions by selling his Animal Ambition album for Bitcoins

50 Cent recently on his Instagram page, revealed that he accepted payment in Bitcoins for his Animal Ambition album back in 2014 and he's now swimming in millions of dollars.

Couple of years ago, the rapper and entrepreneur was declared bankrupt and was not cleared until early 2017.

According to reports, the veteran rapper was one of the first people to invest in cryptocurrency, accepting bitcoin payment for the “Animal Ambition” album back int 2014 when a single Bitcoin was valued around $662.

Fast forward to 2018, the bitcoins have been laying dormant in his account and the value of a single bitcoin is now between $10k & $12k, running the amount he made in bitcoins to around $7million & $8.5million.

At that time the rapper sold a copy for $5.50 which was equivalent to 0.0088 BTC back in 2014, the unexpected “money genius ” made about 700 bitcoins which were worth more than $400,000 that year.

The Bitcoin market has steadily declined over the last few weeks, so 50 might wanna think about unloading soon while the deal is still good.

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