Back in 2014, 50 Cent reportedly allowed fans to purchase his album, “Animal Ambition,” using bitcoin. Four years later, the rapper reportedly made a fortune from the decision, as the cryptocurrency market spiked, drastically.
Now though, 50 says his alleged $8.5 million bitcoin fortune is non-existent. In fact, the rapper says he never owned the cryptocurrency in his life.
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In new documents filed in his bankruptcy case, obtained by the @blast, the rapper admitted that the “recent media reports have falsely stated” that he failed to provide new information about his interest in bitcoin. However, contrary to reports, the rapper says he “never owned, and does not own, a bitcoin account or any bitcoins, and to the best of his knowledge, none of his companies had a bitcoin account from 2014 to the present.”
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While, 50 says he did allow bitcoin payments for his “Animal Ambition,” album, the payments were quickly converted to U.S. dollars by a third party before it ever reached him.
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In fact, when officials connected to his bankruptcy case inquired about the report, he investigated the matter himself, to clear up the rumors. However, he still decided to go with the good news, because why not?
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“As a general matter, so long as a press story is not irreparably damaging to my image or brand, I usually do not feel the need to publicly deny the reporting,” he said, according to the publication. “This is particularly true when I feel the press report in question is favorable to my image or brand, even if the report is based on a misunderstanding of the facts or contains outright falsehoods.”
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