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By Damilola Faustino

Reports made the rounds earlier this year that 50 Cent accepted Bitcoin as payment for his 2014 album, Animal AmbitionHe became the first artiste to accept Bitcoin as payment.

50 cent

However, this has turned out to be a lie 🤥 as the rapper and actor has admitted that he did not, in fact, make $8 million in bitcoin by accepting the cryptocurrency as a form of payment for his album.

In a court document, he admitted that he has never owned bitcoin, and only went along with the viral report that he owned bitcoin because “so long as a press story is not irreparably damaging to my image or brand, I usually do not feel the need to publicly deny the reporting.”

He added, “This is particularly true when I feel the press report in question is favourable to my image or brand.”

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