50 CENT GETS MORE THAN $ 7 MILLION IN BITCOIN FOR THE SALE OF ALBUM IN 2014
The famous American rapper Curtis James Jackson III, better known as 50 Cent, has added a few million more to his fortune, because in 2014 he put on sale one of his albums accepting bitcoin as payment method.
According to the news portal dedicated to celebrities, TMZ, 50 Cent raised about 700 bitcoins with the total sales of their album 'Animal Ambition', which was released on June 3, 2014; year where the price of bitcoin was close to $ 660 per unit. At that time, the rapper of the United States raised approximately $ 460,000.
With the rise in the price of bitcoin of more than 1,600% in the last 4 years, the income obtained from the sale of that album amounts to approximately $ 7 million, if we account for $ 11 thousand per bitcoin unit.
The rapper could take the risk of continuing to save such bitcoins to have the possibility to increase their income, or could withdraw with that high sum of money while the price of the cryptocurrency remains oscillating between $ 10,000 and $ 12,000.
It is worth mentioning that Snoop Dog and 50 Cent were among the first great artists to accept cryptocurrencies, in this case bitcoin, for the remuneration of their work. The latter even expressed that 'all money is money' when he referred to the acceptance of bitcoin for the purchase of 'Animal Ambition' 4 years ago.