Try to Bring Swagger to the Crypto-Game. If you were in 50 Cents position in 2014, would you have immediately converted your Bitcoin revenue into fiat? At that time, Bitcoin was roughly 664 each and TMZs sources told the outlet that Jackson had raked in nearly 700 bitcoins in sales. Rapper 50 Cent's move to accept bitcoin for his 2014 "Animal Ambition" album has resulted in a multi-million dollar windfall.
50 Cent is one of the most high-profile rap artists to get involved with bitcoin to-date. Rapper 50 Cent Accepts, bitcoin. For New Album Animal Ambition.
Rapper 50 Cent Is Now a, bitcoin, millionaire - CoinDesk Rapper 50 Cent Accepts
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All of these artists have incorporated cryptocurrencies into their music tracks. Image Credit: Jamie, lamor Thompson / m, the leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Coindaddy detailed at the time he plans on releasing other songs called Lambo Party and Crypto Mom. Alongside this, the rapper likes to sing about lavish lifestyles, Lambos and checking the price of BTC while getting laid. According to Leon Bayer, a bankruptcy attorney at Bayer Wishman Leotta, this decision not to hodl Bitcoin may keep him out of legal trouble. Right now all our entertainers come from outside crypto culture not inside crypto, and weve got to change that, Coindaddy explains. Yet he made waves by taking the step to accept bitcoin for the album, joining the ranks of other musicians who in past years have made similar moves. Bjork revealed that her "Utopia" album would be available to buyers using multiple cryptocurrencies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in BitPay. And thanks to all the viewers from Reddit, you guys rock!
According to the filings, third-party payment processor Central Nervous used BitPay a company specializing in Bitcoin payment processing to convert the digital currency into fiat before G-Unit Records ever got a hold. Do you think more hip-hop artists will continue to rap about bitcoin?
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