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 change 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 harassed: “Personally, I’m holding, however everyone 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 change 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: “Properly, I’m not gonna recommend or suggest 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 just a few others … Personally, I’m holding, however everyone ought to do their very own due diligence.
In the meantime, the worth 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} in the FTX meltdown.
Simmons beforehand revealed that he owns 14 cryptocurrencies. In June, he mentioned he hasn’t bought 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 already know now print cash at any time when 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 finished very effectively.
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