Rock icon Gene Simmons revealed on Thursday that he continues to retain cryptos despite the crypto winter and the failure of the FTX exchange. Simmons is an American musician, singer, songwriter, actor, and producer who was born in Israel. He co-founded the rock group Kiss with guitarist and lead singer Paul Stanley, serving as its frontman, bassist, and co-lead singer.
When asked by Crypto Housewife if he is “still hodling” his cryptos at his Moneybag Vodka launch event in Alberta, Canada, Simmons responded, “Well, I’m not going to advocate or recommend anything. I don’t provide financial advice. The rock icon continued:
“But since you’re asking me, yes, I’m deep in crypto. I believe in it. I’ve got bitcoin, litecoin, ethereum, and quite a few others … Personally, I’m holding, but everybody should do their own due diligence.”
Simmons referred to Bitcoin in an interview with American Songwriter from May 2022 as “a game changer.” He said, “As you are aware, governments now print money anytime they need it.”
He added, “So, inflation keeps getting bigger and bigger. The dollar used to be based on gold, and you could lose a dollar. You can’t lose your crypto unless, of course, you lose what’s called your ‘code wallet,’ or your password. Banks have nothing to say about it. Governments have nothing to say about it. The world is changing. It’s probably time. Probably time to do that instead of keep cutting trees down and making paper so that we can give it to each other. But credit cards and wiring funds probably were the start of that.”
Before now, Simmons disclosed his ownership of 14 cryptos. Despite the decline in the crypto market, he claimed to have not sold any of his coins in June.
