Many celebrities have mentioned the benefits of bitcoin and leveraged the asset for certain projects. For instance, 50 Cent, Snoop Dogg and Talib Kweli all sold albums for BTC, but when cryptocurrency prices skyrocketed, 50 Cent told the public he sold his coins as soon as he got them. Many other celebrities from Hollywood and the music industry have used digital assets to help bolster their marketing efforts.
50 Cent: ‘All Money Is Money’
In 2018, cryptocurrency enthusiasts discussed the headlines revolving around hip-hop star Curtis Jackson III, also known as 50 Cent, who accepted bitcoin for his 2014 album. According to reports, 50 Cent’s album called “Animal Ambition” made around 700 BTC ($6.7 million USD at today’s exchange rate) from sales. The album made it to Number 4 on Billboard’s charts and sold a total of 124,000 copies, which was far less than Jackson’s prior album sales.
50 Cent sold his album “Animal Ambition” for bitcoin and other currencies in 2014. The recording artist allegedly acquired 700 BTC from the sales and bragged about forgetting about the investment in 2018. However, during his bankruptcy court hearing, 50 Cent claimed he sold the BTC for U.S. dollars immediately after the albums were purchased. No one truly knows if 50 Cent was telling the truth and the assets would be worth $6.7 million at today’s exchange rate, but he did tell a court of law that he sold.