Twitter is awash with stories of bitcoin millionaires. Early adopters who bought literally thousands of BTC for next to nothing back when it launched and become, well, filthy rich in the process. These stories are often pretty intriguing as they often involve risk averse frankly unassuming people who took a bet at got it very right.
None of the stories of these early bitcoin investors is half as funny or interesting as the news that US rapper 50 Cent just made $8 million from bitcoin and he didn’t even know it.
‘Ima keep it real, I forgot I did that shit lol’
In 2014, American Rapper fiddy allowed people to purchase his album Animal Ambition using the digital currency bitcoin. He then forgot all about the account and after 3 years, the South Side rapper discovered that he’s now a bitcoin millionaire.
In 2014 1 BTC was worth around $600. In total, he raked in more than $400,000 worth of bitcoin. Since then the price of the cryptocurrency has gone wild reaching the unthinking high of $19,000 in December 2017, it’s now below $10,000. After sitting untouched in his account for years, 50 Cent’s crypto earnings are now worth around $8 million (depending what day you look).
Like any good rapper, 50 Cent took to social media to announce his newly found wealth saying “Not bad for a kid from South Side, I’m so proud of me.” He later played down his investment prowess: “Ima keep it real, I forgot I did that shit lol.”
Although no one can accurately predict the price of bitcoin or even give a single reason why it continues to rise, its market cap of $600 billion and rising suggests there’s more to come from the bitcoin and the whole crypto market.
As for 50 cent, are we now to believe he’s a tech evangelist and early mover in the crypto or blockchain space, I’m not sure but he got this one spot on.