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

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 reaffirmed that he is a hodler and has not sold any of his 14 cryptocurrencies since 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 films and TV 121 times.

He tweeted Wednesday that he is a hodler, adding: “I have not sold a single position since the downturn. I believe in the future. The near future.” In a follow-up tweet, he said he owns litecoin (LTC) and 13 other cryptocurrencies.

While Simmons did not reveal on Wednesday which cryptocurrencies he owns, he said in February last year that he owned bitcoin (BTC), litecoin (LTC), ether (ETH), dogecoin (DOGE), XRP, and cardano (ADA).

He noted at the time that he likes cardano because its price was lower than $1 so anyone can invest in it. Bitcoin, on the other hand, is expensive in comparison, so it is “beyond the reach of most people,” the singer said.

Nonetheless, he stressed that investors should do their own research before investing in any cryptocurrency, advising:

Of course, it’s always up to you to do research.

In an interview with American Songwriter in May, Simmons said he found himself thinking about cryptocurrency most often. He was quoted as saying:

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.”

In February, Simmons put up his $13.5 million Las Vegas home for sale and said buyers can pay with cryptocurrencies, including bitcoin, ethereum, litecoin, uniswap, polkadot, litecoin, and aave.

What do you think about Gene Simmons owning 14 cryptos without selling any? Let us know in the comments section below.

Kevin Helms

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

Image Credits: Shutterstock, Pixabay, Wiki Commons, Tony Norkus

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