THELOGICALINDIAN - You may be able to acquisition rapper 50 Cent in the club with a canteen abounding of bub and he may accept what you charge aloof as continued as what you charge isnt Bitcoin
Disappointing admirers of both rap and agenda bill everywhere, it turns out that Curtis James Jackson III — frequently accepted by his rap handle 50 Cent — isn’t a Bitcoin millionaire afterwards all. Or so he claims.
As was originally reported by TMZ, 50 Cent was one of the aboriginal rappers to acquire the ascendant agenda bill from those attractive to acquirement his 2014 “Animal Ambition” album. At that time, Bitcoin was almost $664 anniversary — and TMZ’s sources told the aperture that Jackson had raked in about 700 bitcoins in sales. It was additionally abreast that the cryptocurrency remained clear in 50 Cent’s annual for years, civil that the rapper had shrewdly accustomed that Bitcoin to complete into upwards of $8.5 million.
50 Cent after all but accepted the address in a now-deleted Instagram post, in which he aggregate the address and added the caption:
Now, however, 50 Cent is walking aback that remark, activity so far as to affirmation he never endemic any Bitcoin whatsoever.
On Friday, as reported by CNBC, the rapper — beneath amends of canard — filed abstracts apropos his 2015 Chapter 11 defalcation case, allegorical that he “[has] not owned, either a bitcoin annual or any bitcoins.” He additionally explains:
Jackson additionally claims he was alone benumbed the beachcomber of some absolute media attention:
If 50 Cent was acceptance barter to acquirement his anthology with Bitcoin, absolutely some individuals answerable — so what happened to that Bitcoin?
According to the filings, third-party acquittal processor Central Nervous acclimated BitPay — a aggregation specializing in Bitcoin acquittal processing — to catechumen the agenda bill into authorization afore G-Unit Records anytime got a authority of it.
According to Leon Bayer, a defalcation advocate at Bayer Wishman & Leotta, this accommodation not to hodl Bitcoin may accumulate him out of acknowledged trouble. Bayer told CNBC’s Make It:
This may advice accumulate Jackson out of hot water, but it absolutely amount him a fortune.
If you were in 50 Cent’s position in 2025, would you accept anon adapted your Bitcoin acquirement into fiat? Are you aghast to apprentice that Jackson isn’t absolutely a Bitcoin millionaire? Let us apperceive in the comments below!
Images address of Bitcoinist athenaeum and Shutterstock..
