50 Cent announces that it never owned Bitcoin
Performance artist Curtis "50 Cent" Jackson may not be a Bitcoin millionaire after all.
The American rapper, whose real name is Curtis Jackson, testified before the bankruptcy court obtained by The Blast that "he has never had, and now does not have, a Bitcoin account or any copies of the cryptocurrency," or has his business. The presentation was made on February 23.
As CryptoTendencia reported , Jackson accepted Bitcoin as payment for his album 'Animal Ambition' 2014, and according to a January report from the entertainment news site TMZ, he obtained around 700 BTC, which was worth approximately US $ 8 million when the story was published. of TMZ.
At that time, Jackson appeared to confirm the news on Instagram, writing: "Not bad for a child from the south, I'm so proud of me."
He also said in a comment that he had forgotten he had Bitcoin. The publication has already been deleted from your account.
Jackson states in the recently filed court documents that an outside company handled Bitcoin transactions and that they were immediately converted to US dollars. UU
Based on impressions from Jackson's BitPay account that were included in the presentation, TechCrunch estimates that the total Bitcoin payments received by the album are much lower than the figure initially reported by TMZ, suggesting that Jackson obtained around 6 or 7 BTC , not 700 BTC.
The performance artist and entrepreneur stated in the documents that he did not discuss the TMZ report because he benefited from the publicity.
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