The recent rise in bitcoin value now means each coin is worth almost $11,200, so 50 Cent has ‘cashed’ in approximately $7-8 million

By Helen Thomas
January 25, 2018 06:55 PM
Advertisement

50 Cent has reportedly lucked out with millions in the recent bitcoin boom.

The rapper, who was discharged from bankruptcy a year ago, became the first artist in his genre to allow bitcoin payments in 2014.

His 2014 album, Animal Ambition, is said to have raked in around 700 bitcoins worth approximately $662 each.

The recent rise in bitcoin value now means each coin is worth almost $11,200, meaning 50 Cent has ‘cashed’ in approximately $7-8 million.

50 Cent, otherwise known as Curtis James Jackson III, wrote on Instagram: “Not bad for a kid from South Side, I’m so proud of me.”

However, he also commented admitting that he’d forgotten he even owned the coins, and was only reminded of the cryptocurrency savings when TMZ pointed out the added value.

The price volatility of bitcoin proved one of the biggest business stories of 2017, leading one company to create a sex toy that changes its intensity according to the value of the cryptocurrency.

This article originally appeared on Nme.com