In addition to being one of the most successful rappers of all time, 50 Cent has also proven to be quite the hustler, evidenced by his various lucrative business dealings. Today, Fiddy’s business acumen is once again on display, after it was reported that he has made millions of dollars off of one of his albums, due to Bitcoin.
In recent weeks, social media has been abuzz about Bitcoin, but a lot of people are late to the party. 50 was on it early. In 2014, when he dropped his album, ‘Animal Ambition,’the Queens emcee became the first rapper to ever accept bitcoins as payment for his work. Back then, bitcoins were valued at $662 a pop. Folks who wanted the album were able to purchase it for a fraction of a bitcoin. In all, 50 made 700 bitcoins (then valued at over $400,000) off the album.
According to TMZ, 50 let the bitcoins sit in his account and accrue in value. Today, bitcoins have been fluctuating between $10,000 and $12,000 a piece. That means the bitcoins 50 made off the album are worth anywhere from $7 million to $8.2 million.
Now THAT’S a hustler’s ambition. 50 might wanna cash out soon, though. Lately Bitcoin’s value has been unpredictable and many have been predicting a crash.