Did 50 Cent make money off bitcoin?

SAN FRANCISCO, CA – October 8, 2020 – Square, Inc. (NYSE: SQ) announced today that it has purchased approximately 4,709 bitcoins at an aggregate purchase price of $50 million.

Celebrity gossip website TMZ reported that 50 Cent, real name Curtis Jackson, raked in about 700 bitcoins after agreeing to accept payments in the volatile digital currency for his fifth album. When “Animal Ambition” was released in June 2014, one bitcoin was worth $662.

Rumors swirled that 50 Cent had invested in bitcoin Over the years, many have speculated that 50 Cent’s unique payment plan had paid off and that the star had made $8 million from his bitcoin investment. However, it turns out that the rumors were untrue .5 Nis 2020

Changpeng Zhao is the richest cryptocurrency entrepreneur tracked by the Bloomberg Billionaires Index. * Based on 1.1 million Bitcoins that may be owned by the token’s inventor, Satoshi Nakamoto.