Rock band Kiss’ lead singer Gene Simmons has confirmed that he’s nonetheless holding crypto regardless of the crypto winter and the collapse of cryptocurrency trade FTX. “I’m deep in crypto. I consider in it,” the rock legend affirmed. Noting that he has a number of cryptocurrencies, together with bitcoin and ethereum, Simmons careworn: “Personally, I’m holding, however all people ought to do their very own due diligence.”
Gene Simmons Says He’s ‘Deep in Crypto’
Rock legend Gene Simmons confirmed Thursday that he’s nonetheless holding cryptocurrencies regardless of the crypto winter and the collapse of crypto trade FTX. Simmons is an Israeli-born American musician, singer, songwriter, actor, and producer. He was the frontman, bassist, and co-lead singer of Kiss, the rock band he co-founded with lead singer and guitarist Paul Stanley.
Responding to a query from Crypto Housewife at his Moneybag Vodka launch occasion in Alberta, Canada, about whether or not he’s “nonetheless hodling” his cryptocurrencies, Simmons mentioned: “Nicely, I’m not gonna counsel or advocate something. I’m not a monetary advisor.” The rock legend added:
However because you’re asking me, sure, I’m deep in crypto. I consider in it. I’ve bought bitcoin, litecoin, ethereum, fairly a number of others … Personally, I’m holding, however all people ought to do their very own due diligence.
In the meantime, the value of bitcoin is down about 64% year-to-date whereas ether has fallen 66%. The crypto trade has suffered a number of main blowups this yr, together with the Terra blockchain implosion in Might and the FTX collapse final month.
FTX, Compute North, Voyager Digital, Celsius Community, Three Arrows Capital, and Blockfi have all filed for chapter safety after coping with monetary issues. An estimated a million clients have misplaced billions of {dollars} within the FTX meltdown.
Simmons beforehand revealed that he owns 14 cryptocurrencies. In June, he mentioned he hasn’t offered any of his cash regardless of the crypto market downturn.
In an interview with American Songwriter in Might, Simmons mentioned he discovered himself serious about cryptocurrency most frequently. “Governments, as you recognize now print cash every time they want it. So, inflation retains getting larger and greater,” the rock legend described, elaborating:
Yeah, it’s a game-changer. I’m in it huge. I’ve achieved very nicely.
What do you concentrate on the crypto feedback by Gene Simmons? Tell us within the feedback part beneath.
Picture Credit: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This text is for informational functions solely. It isn’t a direct provide or solicitation of a suggestion to purchase or promote, or a suggestion or endorsement of any merchandise, companies, or corporations. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the writer is accountable, instantly or not directly, for any harm or loss precipitated or alleged to be attributable to or in reference to the usage of or reliance on any content material, items or companies talked about on this article.
