As a member of the legendary rock group KISS, Gene Simmons is used to having his name in lights. But now he has another achievement under his belt: being one of the earliest investors in cryptocurrency. The bass player has revealed on Twitter that he invested in digital coins through the Bitcoin IRA platform , a company which provides customers with cryptocurrency based retirement accounts.
A member of the legendary rock group KISS,
You may know Gene Simmons as a member of the legendary rock group KISS and as “The Demon,” or perhaps you’re just familiar with his face. But did you know that he’s also a crypto enthusiast?
Gene Simmons is the bassist, lead vocalist and co-founder of KISS. His work in music has earned him two Grammys and multiple gold records, but what most people don’t realize is that he’s also an early adopter when it comes to blockchain technology.
Simmons was introduced to Bitcoin by his son Nick in 2013 and has since become one of its most outspoken advocates among celebrities—even though many people consider him an eccentric figure whose enthusiasm for cryptocurrency might not be shared by many others.
has revealed on Twitter he is holding digital coins.
Gene Simmons, the bassist and co-lead singer of the rock band KISS, has revealed on Twitter that he is holding digital coins.
The 72-year-old musician tweeted a picture of a paper with him holding a sign saying: “I’m Gene Simmons, I hold crypto.” The photo also had the following caption: “I’m proud to be a holder of DASH/BTC.”
Simmons told Forbes earlier this year that he only has one crypto investment, which was in bitcoin (BTC). However, he did not reveal if he still holds it or not.
Simmons invests in Crypto through the Bitcoin IRA platform ,
Through the Bitcoin IRA platform, Simmons invested in bitcoin and has continued to invest through the years. In fact, he’s been so bullish on cryptocurrency that he also started his own company called Cryptofund , which allows investors to make investments in cryptocurrencies through traditional retirement accounts like 401(k) plans and Individual Retirement Accounts (IRAs).
In addition to being a founder of Cryptofund , Simmons is also an advisor for both Bitfury Group and Coinbase.
a company which provides customers with cryptocurrency based retirement accounts.
Bitcoin IRA is a company that provides customers with cryptocurrency based retirement accounts. It has been around since 2017 and allows you to hold Bitcoin, Ethereum, Bitcoin Cash and Litecoin in an IRA account.
- In the past year, there have been a number of investment firms that have started offering crypto IRAs or other types of cryptocurrency-focused retirement accounts. These allow investors to put their retirement savings into crypto assets without having to worry about tax consequences because they are held in an individual retirement account (IRA).
- The advantage of these crypto IRAs is that they offer a way for investors who had previously not invested in cryptocurrencies but were interested in doing so take advantage of this emerging asset class while avoiding some of its potential downsides such as volatility risk and lack of liquidity.
Gene Simmons’s advice to crypto investors is to hold on even when prices are falling.
Gene Simmons, the American rock icon and co-founder of KISS, has been a crypto investor for years. The singer told CNBC in an interview that he continues to hold on to his digital assets despite market volatility.
“I’m not selling my bitcoin,” he said at the time. “I’m buying more.”
When asked what advice he would give people who are looking to invest in cryptocurrencies but are concerned about the stock market sell-off, Simmons said: “Don’t worry about it.” He added that those who were interested in buying should buy now because they would regret it later if they did not take advantage of current prices due to fear or doubt when it comes to investing in cryptocurrencies as an asset class.
Gene Simmons’ advice to crypto investors is to hold on even when prices are falling. And if you’re wondering what kind of returns he’s getting from his investments, we have bad news for you: Gene Simmons never reveals how much money he makes.