It’s normally difficult for someone to forget about their money. But 50 Cent is no normal person as he completely forgot about his Bitcoin investment, and didn’t realize until recently that he’s made millions in the cryptocurrency.
As TMZ reports, Fif became the first rapper to accept payment in Bitcoin for his 2014 album “Animal Ambition”. Back then, Bitcoin wasn’t as popular as now, though a unit of the cryptocurrency was already worth hundreds of dollars. With one unit valued at between $650-$700, he raked in about 700 Bitcoin which was worth only about $400,000 at the time.
The money remained untouched for years, causing Fif to become a millionaire today. With Bitcoin currently valued between $10,000 and $12,000 per unit, the rapper now has $7 million – $8.5 million in his account.
Fif acknowledged the TMZ report in some social media posts. “Not bad for a kid from South Side, I’m so proud of me,” he said in an Instagram post. “A little bitcoin anyone? LOL. l know l make you sick but excuse me…I’m getting to the bag,” he said in another post shared on Twitter.
While demands for Bitcoin have soared high since Fif earned it through the sales of his 2014 album, the price has been declining in the past few weeks. Last month, it reached nearly $20,000 before it dropped to $11,000 recently. So, what do you think of Fif’s windfall? Should he sell his Bitcoin now, or should he wait longer?