Kiss’ Gene Simmons Doubles Down on His Support for Bitcoin

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Tue, 09/15/2020 - 17:45
Alex Dovbnya
Rockstar legend Gene Simmons once again shows support for Bitcoin
Kiss’ Gene Simmons Doubles Down on His Support for Bitcoin
Cover image via stock.adobe.com
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Gene Simmons, co-founder of the legendary rock band Kiss, is staking stats.

In response to a Sept. 15 tweet by Gemini co-founder Tyler Winklevoss about getting people disenfranchised individual into crypto, Simmons succinctly and ambiguous tweeted out “I will. I am.”  

Rock and roll might be dead (but Bitcoin is not) 

As surprising as it may seem, the rock legend is not new to Bitcoin.   

Behind his signature dark glasses, there is a successful entrepreneur with a net worth of around $400 mln. While the general public mostly remembers the Kiss frontman because of his iconic makeup, very few know that the Israeli-born American also owns a chain of restaurants, started reality shows, and even had its own football team.        

Simmons first mentioned BTC back in 2017 in his September 2017 interview with TheStreet:

“I am interested in Bitcoin, but only as a piece of the [investment] puzzle.” 

In 2019, he took a dig Bitcoin doomsayers during a meeting with Morgan Creek Digital co-founder Anthony Pompliano:

“Bitcoin is volatile, but every time people think it’s dead, it goes up a little.”

Anthony Pompliano
Image by @APompliano

A precursor to Simmons’ embracement of Bitcoin was a 2012 Forbes interview where the rock legend criticized the government for exerting too much influence over the economy:

“I believe in supply and demand. I don’t believe the government should stick their noses into the rise and fall of the economy. I don’t believe in the welfare system, I believe in the job system.”   

Related Jim Cramer Reveals What Made Him Change His Mind About Bitcoin
Related
Jim Cramer Reveals What Made Him Change His Mind About Bitcoin

Star-struck Bitcoiners 

Within one week, Simmons came out as a Bitcoiner together with prominent political commentator Van Jones and CNBC’s veteran Jim Cramer.   

Winklevoss noted that many successful people are now getting into Bitcoin and Ethereum:   

“If you're not, you gotta ask yourself, what do you know that Jim Cramer, Gene, and Paul Tudor Jones don't.”

Earlier this year, Harry Potter author J. K. Rowling also took a casual interest in Bitcoin but the community annoyed her to the point of facetiously supporting Ethereum.

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.