So it wasn’t long ago 50 Cent told the world he had ‘forgot’ about the Bitcoin fortune he was sitting on after he sold his 2014 album for the crypto-currency.
Or so we thought.
Now, the rapper has turncoated on us and denied the whole dang thing, saying he didn’t want to break our hearts and tell the truth because the news was ‘favourable’.
You don’t say, Fiddy.
Little refresher for you all: four years ago the rapper otherwise known as Curtis Jackson, allowed fans to purchase his album Animal Ambition using Bitcoin, apparently earning 700 of the suckers from sales.
Which didn’t sound like a lot.
But when converted to IRL money, it came to over $400,000 (£285k), which in today’s value has his Bitcoin bank balance hanging around $7 million and $8.5 million (£5m-6m).
Fiddy was sitting on five million pounds and didn’t even sodding know it as he took to Instagram to share the news, saying: ‘Not Bad for a kid from South Side, I’m so proud of me. LOL.’
Lol, indeed.
But now, in documents obtained by PEOPLE, the rapper said that ‘recent media reports have falsely stated’ that he failed to disclose alleged interests in bitcoin to the bankruptcy court, but in reality he has ‘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.’
Way to be tricky with your social media posts, Curtis.
Apparently the world got its wires mixed, when in fact it was Central Nervous, LLC d/b/a CNI Merchandising who processed the album’s sales and ‘accepted bitcoins as payment, the bitcoins accepted were contemporaneously converted to U.S. dollars by another independent third party,’ confirming Fiddy was paid in US dollars.
Which isn’t as exciting a story as being an accidental Bitcoin millionaire.
Still, Curtis went further in explaining the whole palaver.
More: Curtis Jackson
‘When I first became aware of the press reports on this matter, I made social media posts stating that “I forgot I did that” because I had in fact forgotten that I was one of the first recording artists to accept bitcoin for online transactions,’ he said. ‘I did not publicly deny the reports that I held bitcoins because the press coverage was favorable and suggested that I had made millions of dollars as a result of my good business decision to accept bitcoin payments.’
Look, guy knows how to turn lemons into lemonade – can’t hate him for that.
But, will he still take us to the candy shop?
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