The American rapper forgot about the seven hundred bitcoins he received for selling the Animal Ambition album in 2014. Then the cue ball cost $660. Today bitcent (as the artist was dubbed by the media after this story) can sell them for $11,145 and earn $7.8 million
50cent was one of the first artists to decide to sell albums for crypto. In 2014, 700 bitcoins cost $462 thousand. The musician did not pay attention to them, because then there was enough money: in 2014, Forbes estimated the fortune of 50cent at $140 million.
What made the artist remember about the bitcoin stash? Perhaps debts?
After all, in the past in 2016, 50cent declared itself bankrupt. The rapper does not answer this question, saying on his Twitter only that he “put everything in his bag.”
Now many musicians have begun selling albums for bitcoins. Björk was the last to be seen doing this. On November 24, 2017, the singer's ninth studio album, Utopia, was released on the One Little Indian label. The album is sold for bitcoins, litecoins, dash and cryptocurrency of the Audiocoin platform, which allows artists to get rid of intermediaries.
According to https://hashtelegraph.com
You May Also Like
Reddit co-founder remains positive despite Bitcoin volatility
Reddit co-founder Alexis Ohanian said in an interview with Yahoo Finance that Bitcoin is poised for success. Ohanian firmly believes that the instability of fiat currencies in countries experiencing financial crises opens up new opportunities for cryptocurrencies such as Dash and Bitcoin.
The restless McAfee is on the warpath again
John McAfee calls on the crypto community to boycott financial institutions that have any connections with the Reserve Bank of India. Back in April, the RBI banned all financial institutions it regulates from dealing in cryptocurrency transactions. This prevented investors from buying digital currencies in exchange for the rupee. The RBI ban came into effect from July 5.
