In this video, I talk with author and economic analyst John Sneisen about the hot water 50 Cent has found himself in in recent days.
Last month, rapper Curtis James Jackson III claimed that an album he sold for Bitcoin in 2014 accumulated millions of dollars worth of Bitcoin in an Instagram post. He bragged about having found all this Bitcoin years later.
We originally warned on our weekly show on WeAreChange that he was asking for trouble by making this claim considering he's in bankruptcy court after he filed for Chapter 11 in 2015. That bragging about his crypto riches could seriously hurt his chances in court.
Well sure enough, it has. 50 Cent has just denied he owns any Bitcoin in court and claimed that it was all made up. Riiiight....
Something tells us that we were right. He's not the smartest Bitcoin millionaire out there. Either he lied about the Bitcoin or he doesn't want to destroy his chances in bankruptcy court.
Either way, let this be a lesson to all of you. Don't do as 50 Cent does, or you may end up with 50 cents in your bank account.
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