Rock band Kiss’ lead singer Gene Simmons has revealed that he owns 14 cryptocurrencies and has not sold any since the crypto market downturn.
Gene Simmons Says ‘I am a Hodler’
Gene Simmons has reiterated his belief that Gene Simmons is a hodler. He has not yet sold any of his 14 cryptos since the cryptocurrency market crash.
Simmons, an American singer-songwriter, producer and actor who was born in Israel, has been performing since the 1980s. Simmons was co-lead vocalist and bassist of Kiss, the band that he founded with guitarist Paul Stanley. According to IMDB Simmons appears in film and TV 121 time.
He tweeted Wednesday that he is a hodler, adding: “I have not sold a single position since the downturn. He believes in the future. The near future.” In a follow-up tweet, he said he owns litecoin (LTC) and 13 other cryptocurrencies.
Simmons didn’t reveal which cryptocurrency he had on Wednesday, but he stated in February that he has bitcoin (BTC), LTC (Litecoin), LTC (ETH), DOGE (Doge), XRP (XRP) and cardano [ADA].
At the time, he said that cardano was his favorite because it had a lower price than $1 and anyone could invest in it. Bitcoin, on the other hand, is expensive in comparison, so it is “beyond the reach of most people,” the singer said.
He stressed however that all investors must do their research before they invest in cryptocurrency.
Of course, it’s always up to you to do research.
Simmons stated that cryptocurrency was something he thought about most frequently in a May interview with American Songwriter. According to him, he said:
Yeah, it’s a game-changer. I’m in it big. I’ve done very well.
He opined: “Governments, as you know now print money whenever they need it. So, inflation keeps getting bigger and bigger.”
Simmons offered his Las Vegas property for $13.5 million to be sold in February. He said that buyers could pay using cryptocurrencies such as bitcoin, ethereum and uniswap.
Gene Simmons owned 14 cryptocurrency coins without ever selling one. What are your thoughts? Comment below.
Images CreditsShutterstock. Pixabay. Wiki commons. Tony Norkus
DisclaimerInformational: This article is not intended to be a solicitation or offer to sell or buy any product, service, or company. Bitcoin.com is not a provider of investment, tax, legal or accounting advice. The author and the company are not responsible for any loss or damage caused by the content or use of any goods, services, or information mentioned in the article.