50 Cent is a Bitcoin millionaire

  • 25/01/2018
50 Cent is a Bitcoin millionaire
Photo credit: AAP

Rapper 50 cent is a Bitcoin millionaire, after sitting on 700 Bitcoin he received in 2014.

The Get Rich or Die Tryin' artist, whose real name is Curtis Jackson, sold copies of 2014 album Animal Ambition in exchange for Bitcoin.

Jackson was an early adopter of the cryptocurrency and it's now paying off big time. He reportedly hasn't touched the 700 Bitcoin since he received them, according to Forbes.

The cryptocurrency has skyrocketed in value in recent years, meaning 50 Cent's Bitcoin stack is now worth up to $13 million ($US 10 million).

At the time he received the payments, they were worth about $600 ($US 450).

50 Cent has confirmed, via social media accounts, that he's sitting on a Bitcoin fortune.

"Not Bad for a kid from South Side, I'm so proud of me," he wrote, alongside screenshot of a news article.

In a 2014 Reddit AMA, 50 Cent said he was "staying with the times" by accepting cryptocurrency payments.

"Technology is what's changing the business, gotta get with it. I take money, no matter if it's coins or dollars," he said.

"A little bitcoin anyone? LOL. l know l make you , but excuse me...I'm getting to the bag," he wrote on Twitter. 

The rap icon is currently recording his sixth studio album, Street King Immortal.

He also stars alongside Gerard Butler in the new heist film Den of Thieves, which premiered in the US last week.