The Rapper 50 Cent has discovered that he is a Bitcoin millionaire, thanks to some long forgotten album sales.
In 2014, the 50 Cent album Animal Ambition and became the first artist to accept Bitcoin as a payment method.
The rapper has received over 700 Bitcoins, according to the agreement, but then forgot the cryptocurrency, according to celebrity newsite TMZ.
The hoard has a value of $7-$8m, even if the currency is the volatility of prices means that could change quickly.
In 2014, a Bitcoin was equivalent to about $662, but it has a value of about $11,200 on Thursday, according to Coindesk.
“Not bad for a guy from the South Side, I’m so proud of me”, 50 Cent – whose real name is Curtis Jackson – wrote on Instagram, confirming the news in a post that featured a screenshot of TMZ’s article.
50 Cent also posted a photo of himself on Instagram surrounded by Bitcoins, with the caption: “A little bit of coin anyone? LOL. l know l hurt you but sorry I am always up for the bag.”
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In the last 12 months, many celebrities have been paid to promote and support the various virtual currencies on social media.Celebrity endorsement
In the month of September, the actor Jamie Foxx, promoted the sale of cryptocurrencies on a trading exchange called Cobinhood.
And in the month of October, american rapper Ghostface Killah, of the rap group Wu-Tang Clan, the co-founder of Cream of the Capital of a start-up that aims to develop a network of blockchain ATM cash machines for turning cryptocurrencies in cash for the withdrawal.
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Recently, the French reality star, Nabilla appeared on Snapchat, on the 12th of January, to encourage his fans to invest in Bitcoin.
“Even if you do not know anything about it, and make money without investing a lot,” he said, according to the financial daily, the French Les Ã‰chos.
But Nabilla video has caused concern for the French regulator L’autoritÃ© des MarchÃ©s Financiers, which promptly tweeted a warning message that the people do not invest in Bitcoin because of the risks involved.