Legendary frontman of the band Kiss, Gene Simmons, is discussing his crypto journey and when he dove into the sector.
In a brand new interview with CNBC, the rockstar says that he jumped into crypto at the starting of the Covid-19 pandemic after having a dialog with famous Bitcoin bull and Gemini crypto trade co-founder Tyler Winklevoss.
“I went in massive. I put in just a few million into Bitcoin when it was round $10,000.”
Simmons calls himself a “hodler” and predicts that Bitcoin’s worth will attain as excessive as $60,000 by the begin of subsequent yr. Simmons additionally says that when Bitcoin took its May plunge to underneath $30,000, he purchased extra.
“And I’m what’s known as a ‘hodler’ … By the starting of subsequent yr, we’ll be at $55,000 to $60,000. So I’m all in. I’m placing extra in. When there was a giant dip and it went all the way down to underneath $30,000 or one thing, I put in additional.”
Bitcoin is buying and selling at $45,295 at time of writing, in keeping with CoinGecko.
The Kiss lead singer additionally says he holds Ethereum (ETH) in his portfolio, which he states to have purchased at round $900. He says he has round 14 ETH.
In the previous, Simmons has copped to proudly owning the Bitcoin fork Litecoin (LTC), Dogecoin (DOGE) and digital funds asset XRP.
Earlier this yr, Simmons said he had invested $300,000 in Ethereum competitor Cardano (ADA).
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