American rapper 50 Cent may have raked in over $7 million USD by accepting Bitcoin for his Animal Ambition album in 2014.
With the release of Animal Ambition in 2014, American rapper 50 Cent (Curtis James Jackson III) took the unusual step of accepting Bitcoin as tender for the album – and now the rapper could have raked in as much as $7 million USD thanks to his decision.
Prior to Animal Ambition’s release, Bitcoin traded around values orbiting the $660 USD mark – wherein prospective purchasers together forked out a reported figure of just over 700 bitcoin to obtain the record.
At the time of release, the album would have raked in anywhere around $462,000 USD – though today that figure stands at a far loftier estimated sum of $7,766,762.50 USD.
It remains unclear as to whether the rapper has elected to hold his cryptocurrency gains at some point, or has already offloaded his earnings. A recent Instagram post from the star indicates that the former might be the case, wherein the musician wrote “A little bit coin anyone? LOL. l know l make you sick but excuse me I’m getting to the bag… ‘Not Bad for a kid from South Side, I’m so proud of me (sic).”
50 Cent may well have started a trend; in November this year, Icelandic singer Bjork announced that keen listeners would be able to purchase her latest album with Bitcoin, Litecoin, Dash, or AudioCoin.
Have your say!
Would you be prepared to purchase an album using cryptocurrency? Be sure to let us know your opinion in the comments below!