Over the last year, bitcoin has suffered spectacular and rises, reaching a maximum of $ 19.000 per unit. The value of bitcoin rises and falls like foam, so you always have to be attentive to its fluctuations if we want to make a short-term investment.
But four years ago, the value of bitcoin was around $ 500. Following the trend of some big brands, such as Microsoft or Steam, singer 50 Cent accepted bitcoin as a currency to buy his latest album, an album that passed through the market without pain or glory, since it barely managed to sell just under 150.000 copies.
Selling his record for bitcoins managed to raise about 700 bitcoins, whose market value at that time was about $ 400.000. It seems that this money was not needed at that time, since he left them forgotten in his virtual wallet. Until now.
It is becoming more and more common to hear about bitcoin as a currency to carry out commercial transactions. In addition, with the spectacular rise that has suffered both throughout 2017 and in the first month of 2018, although today it has dropped a lot, the rapper has announced through his Instagram account that the value of the bitcoins in his possession amounts to 7,7 million dollars.
The idea of accepting bitcoins in order to sell his album, apparently was a desperate measure that a few years after he was allowed to get an excellent gift and they serve as a reward for the album he released in 2014, an album that practically led to his ruin . As the saying goes: better late than never, and this time it has been fulfilled.