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50 Cent Admits He Didn’t Make $8M In Bitcoin

It turns out 50 Cent making a fortune in Bitcoin isn’t true.

The “In Da Club” rapper admits that “recent media reports have falsely stated” his investments with Bitcoin, according to new documents — obtained by Page Six via The Blast — that were filed in Connecticut as part of his ongoing bankruptcy case. The truth is that 50 Cent “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.”

The “Power” actor, 42, was referring to reports from last month claiming he had made about $8 million in Bitcoin after allowing his 2014 album, “Animal Ambition,” to accept the cryptocurrency as payment.

According to the documents, 50 Cent says the album did accept Bitcoin payments, but that they were converted to US dollars by a third party before G-Unit received the funds.

50 Cent says in the documents that he didn’t deny the Bitcoin reports publicly because if a press story isn’t “irreparably damaging” to his image or brand he doesn’t “feel the need.”

SOURCE

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