KISS Rock Band’s Gene Simmons Tells Pomp He is Bullish on Bitcoin Despite Volatility Concerns
Gene Simmons, Kiss’ Frontman, seems to be bullish about Bitcoin (BTC) and its future. With a net worth of $300 million, the co-founder of Kiss participated at a recent crypto event for family offices.
One of the featured speakers at this event was Anthony Pompliano, the co-founder of Morgan Creek Digital.
Gene Simmons Bullish About Bitcoin
During the last years, there have been many individuals and analysts that claimed that Bitcoin was going to zero and that it was not going to survive. However, the digital asset has proven to be very resilient to some challenges and it is now being embraced by several investors from all over the world.
Simmons is a famous and recognized rocker but he is also a businessman. The Kiss brand was able to generate $3 billion worth of revenue. He is also the face of the Canadian medical marijuana company called Invictus MD Strategies. Simmons is also a supporter of decentralization. About it, Simmons commented:
“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.’”
“Bitcoin is volatile, but every time people think it’s dead, it goes up a little” — @genesimmons
This guy gets it 🔥 pic.twitter.com/sXIwSYYMrI
— Pomp 🌪 (@APompliano) April 25, 2019
Back in 2017, when the cryptocurrency market was reaching its all-time high, he spotted that Bitcoin was uncorrelated with other asset classes.
Although he could be far from a growing trend such as virtual currencies and blockchain technology, he prefers to participate in this economy and space in the way he is able. He could also decide to invest some of his funds in the future int he digital currency market.