Gene Simmons Clarifies Why He Is Interested In Cryptocurrency

blank

KISS bass guitarist Gene Simmons spoke in a recent interview with Bitcoin.com and talked about his interest in cryptocurrency nowadays.

As you might recall, Elon Musk, who is the CEO of Tesla and SpaceX, showed his support to Dogecoin about a week ago and surged up to its shares %40 by only sharing a tweet.

Following this news, Gene Simmons announced that he is joining Elon Musk’s side in this decision and revealed that he bought a big position in Dogecoin. Before that, he also showed his interest the cryptocurrency such as Bitcoin.

In the conversation, Gene Simmons explained how he ended up finding interest in cryptocurrency and mentioned the fact that the United States government is printing dollars based on nothing, and that’s one of the reasons why he wanted to invest in cryptocurrency.

Here is what Gene Simmons said:

“I learned about capitalism and how it works, how the government prints money. That it was once based on gold, and there lies the value, and then at some point in the past before most of you were born, the dollar was no longer based on gold.

That’s ok if everything works. Then the world continues to somehow base value on dollars. Even the terrorists want to get paid in dollars and not by local wombat coinage— I’m not the expert and I’m not directing or suggesting that anyone get into cryptocurrency, I’m just telling you what I am doing.

The more governments and that includes the United States government, continue to keep printing money which is based on nothing, at some point, you gotta pay the piper.

It seems to me that the value of things is determined by people. The value of real estate is only based on what people say it is. The value of gold is only what people agree on what it is, and even Wall Street and stocks based [on people’s valuation], you can make your own valuation, but unless people buy the stock, it means nothing.”

Click here for the source.

[youtube-feed feed=1]