{"id":15371,"date":"2022-12-12T00:49:26","date_gmt":"2022-12-12T00:49:26","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/rock-legend-gene-simmons-is-holding-crypto-despite-market-sell-offs-and-ftx-collapse-featured-bitcoin-news\/"},"modified":"2022-12-12T00:49:26","modified_gmt":"2022-12-12T00:49:26","slug":"rock-legend-gene-simmons-is-holding-crypto-despite-market-sell-offs-and-ftx-collapse-featured-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/rock-legend-gene-simmons-is-holding-crypto-despite-market-sell-offs-and-ftx-collapse-featured-bitcoin-news\/","title":{"rendered":"Rock Legend Gene Simmons Is Holding Crypto Despite Market Sell-Offs and FTX Collapse \u2013 Featured Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Rock band Kiss\u2019 lead singer Gene Simmons has confirmed that he is still holding crypto despite the crypto winter and the collapse of cryptocurrency exchange FTX. \u201cI\u2019m deep in crypto. I believe in it,\u201d the rock legend affirmed. Noting that he has several cryptocurrencies, including bitcoin and ethereum, Simmons stressed: \u201cPersonally, I\u2019m holding, but everybody should do their own due diligence.\u201d<\/strong><\/p>\n

Gene Simmons Says He\u2019s \u2018Deep in Crypto\u2019<\/h2>\n

Rock legend Gene Simmons confirmed Thursday that he is still holding cryptocurrencies despite the crypto winter and the collapse of crypto exchange 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.<\/p>\n

Responding to a question from Crypto Housewife at his Moneybag Vodka launch event in Alberta, Canada, about whether he is \u201cstill hodling\u201d his cryptocurrencies, Simmons said: \u201cWell, I\u2019m not gonna suggest or recommend anything. I\u2019m not a financial advisor.\u201d The rock legend added:<\/p>\n

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But since you\u2019re asking me, yes, I\u2019m deep in crypto. I believe in it. I\u2019ve got bitcoin, litecoin, ethereum, quite a few others \u2026 Personally, I\u2019m holding, but everybody should do their own due diligence.<\/p>\n<\/blockquote>\n

Meanwhile, the price of bitcoin is down about 64% year-to-date while ether has fallen 66%. The crypto industry has suffered several major blowups this year, including the Terra blockchain implosion in May and the FTX collapse last month.<\/p>\n

FTX, Compute North, Voyager Digital, Celsius Network, Three Arrows Capital, and Blockfi have all filed for bankruptcy protection after dealing with financial problems. An estimated one million customers have lost billions of dollars in the FTX meltdown.<\/p>\n

Simmons previously revealed that he owns 14 cryptocurrencies<\/a>. In June, he said he hasn\u2019t sold any of his coins despite the crypto market downturn.<\/p>\n

In an interview with American Songwriter in May, Simmons said he found himself thinking about cryptocurrency most often. \u201cGovernments, as you know now print money whenever they need it. So, inflation keeps getting bigger and bigger,\u201d the rock legend described, elaborating:<\/p>\n

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Yeah, it\u2019s a game-changer. I\u2019m in it big. I\u2019ve done very well.<\/p>\n<\/blockquote>\n

What do you think about the crypto comments by Gene Simmons? Let us know in the comments section below.<\/strong><\/em><\/p>\n

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\nKevin Helms <\/h6>\n

\nA 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.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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