50 Cent accepted Bitcoin for selling albums several years ago, and now he has become a Bitcoin millionaire

What is it like to accept Bitcoin payments for selling an album a few years ago and now find that those BTC are worth millions of dollars?

The famous rapper 50 Cent said that he experienced this feeling, and he allegedly received BTC from selling an album a long time ago. In 2014, 50 Cent accepted Bitcoin payments for his album, and he eventually received 700 BTC, which he soon forgot about. Four years later, the world's most popular cryptocurrency was worth $11,000, making 50 Cent's Bitcoin holdings worth $7.7 million.

"I've been keeping these bitcoins but never thought of doing anything with them lol," 50 Cent commented on Instagram. Harvey Levin's gossip and celebrity news outlet TMZ reported that 50 Cent was rewarded for being an early believer in bitcoin, accepting bitcoin payments for the release of his fifth album, Animal Ambition, in 2014.

Animal Ambition ended up selling just 124,000 copies, with its best result on the Billboard charts being number four. Although the album's sales were disappointing, the result was probably 50 Cent's most profitable album. Perhaps to address the sluggish sales, 50 Cent added Bitcoin as a payment method in addition to traditional payment methods when selling the album. At the time, Bitcoin was trading at just over $650, and Animal Ambition sold nearly 700 BTC, a total of about $400,000.

50 Cent reportedly forgot he owned the bitcoins, which, if true, would put his current holdings at more than $7 million. “Not bad for a kid from the south,” he responded on Instagram, “and I’m proud of me.”

50 Cent seemed to be a pretty savvy casual investor. He made nearly $100 million from deals with Glaceau, Coca-Cola, and Vitamin Water. Yet, five years later, he filed for bankruptcy in federal court in Connecticut, claiming that his liabilities were greater than his assets.

50 Cent's financial situation is still a trade secret, because the music industry is often full of hype. One reason to be suspicious is that 50 Cent is currently releasing a new album "Street Fighter", which has just released a title song:

"A little bit coin [sic] anyone?" the rapper sings. "LOL. l know l make you sick but excuse me I'm getting to the bag."