How 50 Cent Realized He Is A Crypto Millionaire.

The Grammy-winning rapper 50 Cent has made several million dollars thanks to his choice to accept bitcoin payments for his 2014 "Animal Ambition" album.

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50 Cent, real name Curtis Jackson, reportedly made roughly 700 bitcoins after deciding to accept purchases in the unstable digital currency for his fifth album, according to the celebrity news website TMZ. One bitcoin was worth $662 when "Animal Ambition" was released in June 2014. If the 700-bitcoin haul rumor is true, Jackson sold about $460,000 worth of bitcoin at the time, making the total value of his holdings over $8 million.

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Instagram post in 2019.

One of the first well-known musicians to accept bitcoin in exchange for music was Jackson, who announced his success on social media. He wrote in an Instagram picture, "Not bad for a kid from South Side, I'm so proud of me," The rapper then claimed that, up until this point, he had completely forgotten about selling his fifth album for bitcoins.

Rapper Jackson scored a major victory when he took the risky step of selling songs for bitcoins before many of his contemporaries. He filed for Chapter 11 bankruptcy the following year, in 2015, when some of his other significant investments, such as a plan to launch his own line of headphones, failed. Since then, the singer has repaid his $23 million loan.

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Over the years, a few of Jackson's other investments have also had significant success. The vitamin water business Glaceau, which Coca-Cola Co. (KO) eventually purchased for $4.1 billion in 2007, was founded by the rapper. Jackson is thought to have made between $60 million and $100 million when the deal closed.

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