Legendary frontman of the band Kiss, Gene Simmons, is discussing his crypto journey and when he dove into the sector.
In a new interview with CNBC, the rockstar says that he jumped into crypto at the beginning of the Covid-19 pandemic after having a conversation with noted Bitcoin bull and Gemini crypto exchange co-founder Tyler Winklevoss.
“I went in big. I put in a few million into Bitcoin when it was around $10,000.”
Simmons calls himself a “hodler” and predicts that Bitcoin’s price will reach as high as $60,000 by the start of next year. Simmons also says that when Bitcoin took its May plunge to under $30,000, he bought more.
“And I’m what’s called a ‘hodler’ … By the beginning of next year, we’ll be at $55,000 to $60,000. So I’m all in. I’m putting more in. When there was a big dip and it went down to under $30,000 or something, I put in more.”
Bitcoin is trading at $45,295 at time of writing, according to CoinGecko.
The Kiss lead singer also says he holds Ethereum (ETH) in his portfolio, which he states to have bought at around $900. He says he has around 14 ETH.
In the past, Simmons has copped to owning the Bitcoin fork Litecoin (LTC), Dogecoin (DOGE) and digital payments asset XRP.
Earlier this year, Simmons said he had invested $300,000 in Ethereum competitor Cardano (ADA).
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Featured Image: Shutterstock/Cesare Andrea Ferrari