50 Cent Lied About Making $8 Million In Bitcoin

    The last sentence from this blast.com story on 50 Cents bitcoin confusion is classic: 

    “Moral of the story: If youre going to lie on 50 Cent, he wont call BS if its really nice.  Also someone better check and make sure he was really shot nine times.”

    It was made in reference to the change of tune that 50 Cent is spitting as it relates to a story we reported on January 25th which stated:

    “50 on Wednesday confirmed a TMZ report that he made around $8 million in bitcoin by accepting the cryptocurrency as a payment for his 2014 album “Animal Ambition.”

    50 even bragged about the windfall of cheddar on his Instagram before removing it. 

                                                   

    Seems as if 50 got caught up in his own hype and in light of his recent bankruptcy hearing, had to admit that he was fibbing about his dinero. 

    TMZ on Twitter

    50 Cent Swears Under Oath He Doesn’t Own Bitcoin https://t.co/vPzZGfh1o0

    Fiddy filed documents in his bankruptcy case, obtained by The Blast, admitting that Recent media reports have falsely stated that he failed to disclose alleged interests in bitcoin to his Bankruptcy Court, but in reality he has ‘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.’

    According to the documents, 50 says Animal Ambition did accept bitcoin payments, but it was converted to U.S. dollars by a third party before it ever reached him or his companies.  He stresses that he has never owned a bitcoin.

    The Blast on Twitter

    EXCLUSIVE: @50Cent says he’s never owned any #Bitcoin, despite media reports about his cryptocurrency fortune. Read the full story: https://t.co/Lnueq3TmfN https://t.co/HmoTryW6Vq

    Why did 50 allow this to be printed even thought it was an outright lie? Ego would be my first guess, but he explained his bizarre reasoning in documents found by The Blast. 

                             

    Lets just chalk this up to 50 Cent having an insecure Kevin Durant social media moment. Its hard keeping up with your own legend sometimes. Especially when people believe that you are rich and successful beyond their wildest dreams and in reality you are human and even though youre making tons of money, youre not managing it shrewdly.  

    It is a definite fake jack move on 50s part. Fulfilling a fantasy persona that has gotten him a bit caught up in his real life financial drama. 

    JR Gamble joined The Shadow League in 2012. The General Manager of Content & Social Media is in his 25th year of covering sports and culture professionally. He has covered a wide variety of major sports and entertainment topics across different mediums, including radio, newspapers, magazines and national TV. His passion is baseball, the culturing of baseball and preserving and documenting the historically-impactful accomplishments and contributions of African-Americans in baseball.