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 imagine 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 all people ought to do their very own due diligence.”
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 imagine in it. I’ve bought bitcoin, litecoin, ethereum, fairly a couple 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 business has suffered a number of main blowups this 12 months, 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 prospects 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 realize now print cash each time they want it. So, inflation retains getting greater and larger,” the rock legend described, elaborating:
Yeah, it’s a game-changer. I’m in it large. I’ve executed very nicely.
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