BTC Wires

Gene Simmons Feels That Bitcoins Always Manage To Bounce Back

At a recent crypto conference, Kiss front man Gene Simmons told Anthony Pompliano , “Bitcoin is volatile, but every time people think it’s dead, it goes up a little.”  

Pompliano, the co-founder of Morgan Creek Digital Assets tweeted a picture of himself and Simmons along with the above comment and plauded it.

Earlier, Simmons had said that he only endorses, or supports, products in which he firmly believes or with which he has an “emotional connection.”

A staunch believer of the free market, Simmons is not just the bassist of the old school rock band but is also an entrepreneur and businessman. In fact, the KISS brand has “generated $3 billion worth of ancillary revenue,” CNBC reported.

KISS has been endorsing decentralization since a long while – “Everywhere around the world we try to tell people there are no borders, no prime ministers, no presidents; there’s only one nation, Kiss Nation. There’s only one rock and roll national anthem – “Rock N Roll All Night, Party Every Day.”  

Thus it is not very surprising that the band lead  is intrigued by the decentralised nature of bitcoin.

Simmons has been associated with bitcoin for quite a while now. In 2017, he pointed out the uniqueness and independent nature of bitcoin with respect to other asset classes and referred to it as “a piece of the [investment] puzzle.” Since then, bitcoin has only generated upward returns of about 400% while stocks continued to produce relatively lesser returns of below 100%.

The multi-millionaire (net worth: $300 million above) holds the capacity to invest in any thing he wishes to and he has decided to join the crypto bandwagon along with other celebrities like boxing champion Floyd Mayweather, Jr., and hotel heiress Paris Hilton. In fact, he has reportedly expressed his interest in the prospect of a KISS coin.

With the bitcoin buzz being up again, we believe, Gene should “Shout it out loud”!