50 Cent, Talib Kweli, Snoop Dogg and Nas: Celebrities Who Might Be Bitcoin Millionaires

50 Cent, Talib Kweli, Snoop Dogg and Nas: Celebrities Who Might Be Bitcoin Millionaires

Bitcoin
February 17, 2020 by Bitcoin Report
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Many celebrities have talked about the advantages of bitcoin and leveraged the asset for sure initiatives. As an illustration, 50 Cent, Snoop Dogg and Talib Kweli all offered albums for BTC, however when cryptocurrency costs skyrocketed, 50 Cent informed the general public he offered his cash as quickly as he bought them. Many different celebrities
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50 Cent, Talib Kweli, Snoop Dogg and Nas: Celebrities Who Could Be Bitcoin Millionaires

Many celebrities have talked about the advantages of bitcoin and leveraged the asset for sure initiatives. As an illustration, 50 Cent, Snoop Dogg and Talib Kweli all offered albums for BTC, however when cryptocurrency costs skyrocketed, 50 Cent informed the general public he offered his cash as quickly as he bought them. Many different celebrities from Hollywood and the music trade have used digital property to assist bolster their advertising and marketing efforts.

Additionally learn: Bitcoin, Tesla Inventory, Tron: How Warren Buffett Bought His First Bitcoin

50 Cent: ‘All Cash Is Cash’

In 2018, cryptocurrency lovers mentioned the headlines revolving round hip-hop star Curtis Jackson III, also referred to as 50 Cent, who accepted bitcoin for his 2014 album. In line with studies, 50 Cent’s album referred to as “Animal Ambition” made round 700 BTC ($6.7 million USD at right this moment’s alternate charge) from gross sales. The album made it to Quantity four on Billboard’s charts and offered a complete of 124,000 copies, which was far lower than Jackson’s prior album gross sales.

50 Cent, Talib Kweli, Snoop Dogg and Nas: Celebrities Who Could Be Bitcoin Millionaires
50 Cent offered his album “Animal Ambition” for bitcoin and different currencies in 2014. The recording artist allegedly acquired 700 BTC from the gross sales and bragged about forgetting in regards to the funding in 2018. Nonetheless, throughout his chapter court docket listening to, 50 Cent claimed he offered the BTC for U.S. {dollars} instantly after the albums had been bought. Nobody really is aware of if 50 Cent was telling the reality and the property could be price $6.7 million at right this moment’s alternate charge, however he did inform a court docket of regulation that he offered.

Years later, when BTC was priced at round $11,000 per coin, 50 Cent shared an Instagram image of a TMZ article that reported on the artist’s 700 BTC in gross sales. “Not Unhealthy for a child from South Facet, I’m so pleased with me,” the rapper mentioned. “I’m a preserve it actual. I forgot I did that s—.” When he offered the album in 2014 he defined “all cash is cash,” when folks requested the rapper why he accepted bitcoin. Nonetheless, when 50 Cent filed for chapter he informed the court docket and the general public a completely totally different story. The hip-hop artist defined that he didn’t really feel he wanted to reveal that he had offered the BTC instantly after the albums had been bought. 50 Cent then claimed he was simply stating that he had forgotten in regards to the funding.

“Once I first turned conscious of the press studies on this matter, I made social media posts stating that ‘I forgot I did that’ as a result of I had in truth forgotten that I used to be one of many first recording artists to simply accept bitcoin for on-line transactions,” the recording artist wrote in 2018. He additional acknowledged:

I didn’t publicly deny the studies that I held bitcoins as a result of the press protection was favorable and urged that I had made hundreds of thousands of {dollars} on account of my good enterprise choice to simply accept bitcoin funds.

From Talib Kweli to Nas, Are Celebrities Bitcoin Wealthy or Simply Utilizing Crypto for Advertising?

50 Cent says he was one of many first rappers to simply accept BTC funds for album gross sales and some others adopted swimsuit shortly after. In November of 2015, the now-defunct Coinbase utility Zapchain offered the recording artist Talib Kweli’s album for BTC.

“Purchase my new album for bitcoin on Zapchain – [plus] first 1,000 folks get 1 observe free,” Kweli tweeted on the time. Nobody has ever adopted up with the variety of BTC he accrued when he offered “Indie 500, that includes ninth Marvel.” However information.Bitcoin.com did remind Kweli in regards to the album gross sales through the bull market in December 2017.

50 Cent, Talib Kweli, Snoop Dogg and Nas: Celebrities Who Could Be Bitcoin Millionaires
Rapper and activist Talib Kweli offered his album “Indie 500, that includes ninth Marvel” for BTC in 2015 by the now-defunct Coinbase utility Zapchain. In 2017, Information.Bitcoin.com’s Jamie Redman tweeted to Kweli and talked about BTC from the album gross sales, however Kweli didn’t reply.

In actual fact, there’s a whole lot of common musicians and Hollywood actors who’ve used cryptocurrency to additional market themselves. One other prolific rapper, Nas, used BTC to reward 100 scores in a contest hosted by theraptest.com. Nas additionally informed Coindesk in 2014 that he was an investor in Coinbase. “[Bitcoin] will evolve into an trade as massive, if not greater, than the Web. My man Ben Horowitz actually opened my eyes to that time. This isn’t of the Web age, bitcoin is its personal age,” Nas defined to reporter Peter Rizzo on the time. The rap star added:

Clearly challenges will come up from a safety and privateness perspective, however the Web was the identical method 20 years in the past.

50 Cent, Talib Kweli, Snoop Dogg and Nas: Celebrities Who Could Be Bitcoin Millionaires
The prolific MC Nas informed former Coindesk reporter Pete Rizzo in 2014 that “[Bitcoin] will evolve into an trade as massive, if not greater, than the Web.” Nas additionally mentioned he was a Coinbase investor. Nobody is aware of if Nas is a Bitcoin millionaire or not, however he very properly may very well be.

Many different celebrities have used cryptocurrency to push their advertising and marketing to a different stage lately, and a variety of them have leveraged the preliminary coin providing (ICO) route. Well-known folks like Paris Hilton, DJ Khalid, Akon, Gwyneth Paltrow, Ashton Kutcher have all talked about digital currencies in some type or one other. As an illustration, Paltrow is an advisor to the cryptocurrency agency Abra, and Snoop Dogg claims he beat 50 Cent to the punch when he offered album copies for BTC in 2013. Nobody is aware of how a lot BTC Snoop Dogg obtained from album gross sales, however he was promoting copies for 0.3 BTC in 2013. “The long run is right here and Snoop is your captain, taking you to the moon (that’s a bitcoin factor) — My subsequent document out there in bitcoin n delivered in a drone,” Snoop tweeted on the time. Though, one BTC deal with suggests Snoop Dogg solely bought round 0.01245982 BTC from the gross sales, which is just $102 price of crypto right this moment.

The reality is, nobody really is aware of if these celebrities are crypto millionaires, however they very properly may very well be. Apart from the musicians, actresses, and actors talked about above, there’s a ton of different socialites who may very well be bitcoin wealthy from previous investments. This contains folks like Hugh Laurie, Mike Tyson, Pitbull, Mel B, Lionel Messi, Floyd Mayweather Jr., Johnny Depp, and Madonna, all of whom may have vital stashes of crypto.

What do you consider all of the celebrities who’ve used crypto for advertising and marketing functions and a number of the socialites who may very well be wealthy with digital currencies? Tell us what you consider this topic within the feedback part beneath.

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50 Cent, 700 BTC, Akon, Animal Ambition, Ashton Kutcher, Ben Horowitz, Bitcoin, BitPay, BTC, Celebrities, Celebs, Coinbase, crypto, Curtis Jackson III, Digital Foreign money, DJ Khalid, Floyd Mayweather Jr., Gwyneth Paltrow, Hugh Laurie, Indie 500, Johnny Depp, Lionel Messi, Madonna, Advertising, Advertising Ploys, Mel B, Mike Tyson, music, Musicians, Nas, Nasir Jones, Paris Hilton, Pete Rizzo, Pitbull, Snoop Dogg, Talib Kweli
Jamie Redman

Jamie Redman is a monetary tech journalist residing in Florida. Redman has been an energetic member of the cryptocurrency neighborhood since 2011. He has a ardour for Bitcoin, open supply code, and decentralized purposes. Redman has written 1000’s of articles for information.Bitcoin.com in regards to the disruptive protocols rising right this moment.





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