How Rapper 50 Cent Made Millions of Dollars from Bitcoin
Style Magazine Newswire | 2/2/2018, 1:56 p.m.
The fluctuating and declining rates of bitcoin may be really frustrating for those who just recently invested. But rapper 50 Cent is already reaping the fruits of his early bitcoin investments. From $400,000 in 2014, now he is reportedly sitting on a whopping $7 to $8.5 million cash from bitcoins. Seems agreeable since his initial investment dates back to when he accepted payments for his album Animal Ambition in 2014. He is one of the first artists to accept bitcoins as payment for his work instead of cash. At that time when cryptocurrency was not yet known to everyone, the value of bitcoin was at around $662 each. His album reportedly earned 700 bitcoins or $400,000 in cash at 2014 rate. Since then, the value of bitcoin has been volatile. 50 never touched it and the value kept surging. Today, one bitcoin is equivalent to between $10,000 to $12,000 which made him richer by between $7 to $8.5 million cash. It even reached nearly $20,000 last month!