Rock Legend Gene Simmons Owns 14 Cryptocurrencies — ‘I Have Not Sold a Single Position Since the Downturn’

Rock band Kiss’ lead singer Gene Simmons has revealed that he owns 14 cryptocurrencies and has not offered any because the crypto market downturn.

Gene Simmons Says ‘I’m a Hodler’

Gene Simmons has reaffirmed that he’s a hodler and has not offered any of his 14 cryptocurrencies because the crypto market downturn.

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. According to IMDB, Simmons has appeared in movies and TV 121 occasions.

He tweeted Wednesday that he’s a hodler, including: “I’ve not offered a single place because the downturn. I imagine sooner or later. The close to future.” In a follow-up tweet, he stated he owns litecoin (LTC) and 13 different cryptocurrencies.

While Simmons didn’t reveal on Wednesday which cryptocurrencies he owns, he stated in February final 12 months that he owned bitcoin (BTC), litecoin (LTC), ether (ETH), dogecoin (DOGE), XRP, and cardano (ADA).

He famous on the time that he likes cardano as a result of its value was decrease than $1 so anybody can put money into it. Bitcoin, then again, is dear as compared, so it’s “past the attain of most individuals,” the singer stated.

Nonetheless, he harassed that traders ought to do their very own analysis earlier than investing in any cryptocurrency, advising:

Of course, it’s all the time as much as you to do analysis.

In an interview with American Songwriter in May, Simmons stated he discovered himself excited about cryptocurrency most frequently. He was quoted as saying:

Yeah, it’s a game-changer. I’m in it large. I’ve performed very effectively.

He opined: “Governments, as you understand now print cash each time they want it. So, inflation retains getting greater and greater.”

In February, Simmons put up his $13.5 million Las Vegas house on the market and stated patrons pays with cryptocurrencies, together with bitcoin, ethereum, litecoin, uniswap, polkadot, litecoin, and aave.

What do you consider Gene Simmons proudly owning 14 cryptos with out promoting any? Let us know within the feedback part under.