While many are mining away on their exorbitant cryptocurrency rigs, 50 Cent has unknowingly become a Bitcoin millionaire due to his previous works back in 2014.
in 2014, 50 Cent became the first artist that accepted Bitcoin as payment, and as a result of that, he has received more than 700 Bitcoins under the deal, and subsequently, he forgot about the cryptocurrency. This hoard of coins is now worth somewhere between USD 7-8million, with the price volatility meaning that could change pretty fast.
Back then, one Bitcoin was worth USD 662, and now it is worth USD 11,200, according to CoinDesk. “Not bad for a kid from South Side, I’m so proud of me,” 50 Cent – whose real name is Curtis Jackson – wrote on Instagram, confirming the news in a post that featured a screenshot of the TMZ article.
— Jamie Foxx (@iamjamiefoxx) September 18, 2017
50 Cent is not the only celebrity who seemed to have embraced Bitcoin, as Jamie Foxx had recently promoted the sale of cryptocurrencies back in September utilizing a trading exchange called Cobinhood. In October, US Rapper Ghostface Killah, one of the rappers from the Wu-Tang Clan, co-founded Cream Capital which is a startup aiming to develop a network of blockchain ATM cash machines which allowed users to turn their cryptocurrencies into cash for withdrawal.