Who'd Have Known, Lily Allen Could Have Been a Bitcoin Millionaire

UK Singer Lily Allen regrets turning down a £6m bitcoin opportunity she was offered five years ago.

AccessTimeIconJan 7, 2014 at 12:30 p.m. UTC
Updated Sep 11, 2021 at 10:14 a.m. UTC

We have all heard stories of bitcoin-laden hardware buried in landfill, bitcoin pizzas which would have been worth millions today and other missed opportunities.

Singer Lily Allen apparently missed out on one such opportunity a few years ago.

Allen told the Telegraph that she could have earned more than £6m had she accepted a live gig on Second Life five years ago. She was offered “hundreds of thousands” of bitcoins for the gig and she turned it down.

“As if, I said.”

In Allen’s defence, it's hard to blame her for saying no. Most people are wary of bitcoin even today, when many mainstream businesses are starting to accept it.

Five years ago bitcoin was just a curiosity, relegated to experimental uses and payments for virtual goods in online games.

Missed opportunities

Allen is not alone. Last year it emerged that a 32-year-old New Yorker paid 10,000 BTC for two pizzas from Papa John’s in 2010. Additionally, a British IT specialist accidentally binned a hard drive containing 7,500 bitcoins, which are now resting in somewhere in a Newport landfill.

Both incidents garnered a lot of publicity, but we can safely say that many people away from the media have regrets of their own – they just prefer not to talk about them.

We are, of course, talking about people who frequented online drug bazaars like Silk Road and Sheep Marketplace. They probably thought there were getting a good deal at the time, but in retrospect they were actually exchanging thousands of bitcoins for a cheap high.

We can only wonder how many traffickers made a handsome profit, provided they held on to some of their bitcoins, or if they were unable to access them because they were behind bars.

Who knows. Maybe there are a few crypto-millionaires serving lengthy prison sentences and planning how they will spend their bitcoin fortune once they get out.

Image Credit: Music Like Dirt / Flickr

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
CoinDesk - Unknown
OpenSea Reports Email Data Breach

An employee at an outside contractor tasked with managing OpenSea email newsletters copied the list of customer emails and shared it with an outside party, OpenSea says.

CoinDesk - Unknown
2
CoinDesk - Unknown
Grayscale Sues SEC Over Bitcoin ETF Application Rejection

The SEC rejected Grayscale's application to convert its Grayscale Bitcoin Trust to an exchange-traded fund earlier Wednesday.

CoinDesk - Unknown
3
CoinDesk - Unknown
SEC Rejects Grayscale’s Spot Bitcoin ETF Application

Grayscale has said it was prepared for “all possible post-ruling scenarios."

CoinDesk - Unknown
4
CoinDesk - Unknown
Coinbase is Reportedly Selling Geo-Location Data to ICE

Watchdog group Tech Inquiry reported the new details about Coinbase’s three-year contract with the U.S. Department of Homeland Security.

CoinDesk - Unknown