50 Cent becomes accidental Bitcoin millionaire with forgotten investment

[slayer14]

50 Cent’s gamble on Bitcoin has paid off handsomely after the rapper discovered his investment in the cryptocurrency is now worth millions.
The American performer and businessman, whose real name is Curtis James Jackson III, admitted he had forgotten he even owned some of the volatile cryptocurrency.
He let fans purchase his album Animal Ambition for just a fraction of a Bitcoin in 2014, when its price hovered around $662 (£460), with the rapper making 700 Bitcoin from sales.
The Bitcoin has remained untouched in his bank account for the past four years, reports say, and is now worth millions.
Bitcoin’s price exploded to a high of above $19,000 (£13,000) in December last year but has fallen to just above the $11,000 mark in the early weeks of 2018.

https://uk.yahoo.com/finance/news/50-cent-becomes-accidental-bitcoin-161757883.html

[Sam Odom]

"The Bitcoin has remained untouched in his bank account"

Fake News

[magaman]

Good for him. Plenty of stories like this around.

[5mike5]

saw this days ago. lucky him

[jjgold]

Good work

[Hman]

He seems to have always been a decent guy compared to some rappers & artists.

[BigBusiness]

Wow

[BigBusiness]

[magaman]

He seems to have always been a decent guy compared to some rappers & artists.

I think I can be a decent guy also after making millions... he is a convicted felon (prior making it)

[BigBusiness]

I think I can be a decent guy also after making millions... he is a convicted felon (prior making it)

Dude shut the fukk up. He turned his life around.

Convicted felon means absolutely nothing now.

[BeatTheJerk]

Facebook news from Cryptocurrency google searches.

[GzaTheGenius]

How many 50 cent pieces is this worth in USD?

[eidolon]

Where are these banks that have bitcoin?

[magaman]

Where are these banks that have bitcoin?

Yes the author of this story does not understand... it is okay

[reigle9]

cool, nobody cares about the reality of sammy's post

[Bluehorseshoe]

A guy who filed for bankruptcy a couple of years ago forgot about this money. Yeah, right.


I wonder if his creditors can still go after this money.

[magaman]

A guy who filed for bankruptcy a couple of years ago forgot about this money. Yeah, right.


I wonder if his creditors can still go after this money.

Yes they can... so he prolly is regretting making any of this public

[Bluehorseshoe]

Yes they can... so he prolly is regretting making any of this public

His name must be derived from his I.Q.

[BELM0NT]

Bad thing about bitcoin is tax. Government declared it a property in 2014. You could end up losing %60 of your investment in taxes

[magaman]

Bad thing about bitcoin is tax. Government declared it a property in 2014. You could end up losing %60 of your investment in taxes

Please explain... as far as I know the highest tax bracket is 39.5% and that is being reduced to 37% with the new tax law

[BELM0NT]

Please explain... as far as I know the highest tax bracket is 39.5% and that is being reduced to 37% with the new tax law

Pretty sure that was the highest. Something to do with how long you invest. I'll see if I can find the video I watched on it.

[BELM0NT]

https://www.cnbc.com/2018/01/25/if-you-own-bitcoin-heres-how-much-you-owe-in-taxes.html

[magaman]

Regardless... any gains make on Bitcoin are not visible to the IRS. You self report this income/gains. Same as winning at the casino, or many other things involving cash.

[BELM0NT]

Unless your making bank you probably wont have to worry about it

[DiggityDaggityDo]

50 Cent is a winner.

[TheMoneyShot]

BS news. 50 cent just had a bankruptcy not too long ago. Guy opens his mouth and tells the world about his Bitcoin Investment? I find it hard to believe.

[gauchojake]

many men

wish death 'pon me

[kidcudi92]

If you ever thought 50 cent was ACTUALLY bankrupt, you are retarded

[dlowilly]

This biggest bs portion of this story is that we are supposed to believe 30,000 50 cent fans had bitcoin in 2014, knew how to transfer it, and he had cutting edge website developers who knew how to accept it, even though he went bankrupt.

[gummo]

Sharon Osbourne gets half of whatever 50 makes.

[Cuse0323]

Sharon Osbourne gets half of whatever 50 makes.

Huh? Why?

50 ugh, Bentley ugh.

[thechaoz]

Yes the author of this story does not understand... it is okay

Go pro

[2daBank]

He needs it, seem to recall hearing a few times he was going broke which crazy cause he has made a penetrate-ton of money in his career between music, his vitamin water deal (not saying was his just know he made lot when coke bought it), and various other investments.

[Bsims]

It's scary to me there has been this much reaction to an obviously BS story.

[DOM-Ganador]

Anyone else see this?

For such an opulent house, 50 Cent doesn’t seem to spend much time in it. When the house was burglarized in May 2017, the performer was surprised — because he didn’t realize he was still the owner.“What my house got robbed,” 50 Cent reportedly wrote in a since-deleted Instagram post. “I thought I sold that MF. LOL.”50 Cent reportedly spent up to $10 million on updates to the home before placing it on the market in 2007. According to The Hartford Courant, the mansion’s mortgage, property tax and other maintenance fees cost 50 Cent $67,000 a month — a figure that came out after the musician filed for Chapter 11 bankruptcy protection in 2015.