Cryptocurrencies, which experienced a surge of popularity in late 2017, have seen their value plummet since January began. The massive loss of value could have included investments from Migos member Offset, who expressed an interest in Bitcoin during an interview with Rolling Stone, conducted in December.
"I don't want to be one of those rappers who had it but right now they be on a TV show to keep them going," Offset told Rolling Stone. "I would rather be out the scene, getting my money on Bitcoin." The rapper declined to disclose how much he had invested in the cryptocurrency, but did summarize a $170,000 profit he made flipping five houses in Atlanta.
No matter how much money Offset invested, it's unlikely to make a significant dent in his personal finances: the new Migos album Culture II is out January 26, with its single "MotorSport" peaking at No. 6 on the Billboard Hot 100. The album follows Without Warning, Offset's collaborative project with Metro Boomin and 21 Savage.
A representative for Offset was not immediately available for comment. Read the full Rolling Stone interview here.