Last month, the media reported that rapper 50 Cent had forgotten that he had a $ 7 million worth of Bitcoin.
This, however, turns out to be false, with the 50 cent itself disproving it with court documents stating that "he never owned and currently does not have a Bitcoin or Bitcoin account." The same holds true for his companies.
Judicial documents were originally obtained from The Blast. Curtis James Jackson Three (also known as 50 Cent) has filed a lawsuit on the Bitcoin statement last week, much after the information came, that he had found out the battles he had forgotten to own.
Then 50 cent did not deny the news, even confirming it in the social media.
It turns out, however, that he never had contact with the crypto. Here's what the statement says:
All online transactions associated with my brand were managed by an independent company named Central Nervous LLC. In the case of these online transactions, the bits were converted in due time into dollars at the then exchange rate ...
50 cent provides screenshots of its BitPay account, where several hundred transactions can be seen, most of which cost $ 5.50 or $ 8.90. The document does not show that Bitcoin have contributed much to the 200,000 copies of the Animal Ambition album.
The amount is even very far from the 700 Bitcoin that was talked about last month. Given the $ 657 worth of Bitcoin at that time, 50 cents had a maximum of 6 or 7 Bitcoin, which then represented several thousand dollars, TechCrunch wrote.
Why, then, did the rapper not deny the information that appeared if she knew she was not correct?
In the same document to the court he explains a well-known rule in show business:
In principle, if some information in the media does not irreversibly damage my image or brand, I usually do not have to deny it publicly.
This is especially true of cases where I believe that some information in the media is conducive to my image or brand, even if it is based on some misinterpretation of facts or it contains honest lies.
When I learned about the information in the media about Bitcoin, I published a comment in the social media that I was "Forgotten about it" because I had forgotten that I was one of the first musicians to accept payments in Bitcoin.
I did not publicly denounce the information that I have Bitcoin because it is beneficial to my image because, in her opinion, I had earned millions of dollars thanks to my good business decision to accept payments in Bitcoin.
image source - Instagram