50 Cent admitted that, in fact, he did not earn $ 8 million in bitcoin by accepting the cryptocurrency as a payment method for his album Animal Ambition in 2014. In a court document on Friday obtained by The Blast, the rapper admits that he has never owned of bitcoin, and only followed TMZ's initial report because "whenever a press story is not irreparably damaging to my image or brand, I generally do not feel the need to publicly deny the information".
He added: "This is particularly true when I feel that the press report in question is favorable to my image or brand." It really made 50 Cent initially look like a dancer when, at the height of the Bitcoin value, it seemed to be $ 8 million deep in cryptocurrency. But, to prove that he is bankrupt, he finally had to reveal that he does not own any bitcoin. It is not clear if 50 Cent lies in bankruptcy court or before in social networks. Their representatives did not respond immediately to comment.
50 Cent admitted in the bankruptcy documents that the latest media reports have "falsely stated" that he earned $ 8 million in bitcoins (none of which he had disclosed to the bankruptcy court). Actually, he says, he has never owned any bitcoin "from 2014 to the present". The 700 bitcoins he allegedly earned from album sales were converted to US dollars by a third party before 50 Cent or its affiliated companies could receive it.
Previously, 50 Cent boasted about his sudden "wealth" of bitcoin in Instagram and Twitter posts, publishing "Not bad for a kid from South Side, I'm so proud of me" and "A bit of bitcoin to someone? LOL I know I'm sick but excuse me … I'm getting to the bag. "Maybe his Instagram response to his fans was a bit more sincere, or at least hinted at the truth:" I keep it real, I forgot it ". I did that shit hahaha. "