50 Cent Is a Bitcoin Millionare
January 24, 201850 Cent Is a Bitcoin Millionare
Bitcoin hasn’t entirely crashed yet, which means that if you have had Bitcoins for a long time, they’re still probably worth more than they were when you bought or mined them, despite losing around half of their value between last month and today.
The first purchase of an actual real-world good with Bitcoin was when someone spent 10,000 of them to buy 2 pizzas. At the time, 10,000 Bitcoin were theoretically worth around $40, meaning a single bitcoin was around four-tenths of a cent. This was in 2010 and the thought was essentially that a pizza place had just given away two pizzas.
A few years later, rapper 50 Cent accepted Bitcoin as payment for his album, Animal Ambition, and he got about 700 of them, which he then promptly forgot about. TMZ reported that he still has them, and that today that’s a cool 14 million – I mean 12, no 10, wait, hold up… a cool 7 million American dollars.