Gene Simmons Invests Another $300,000 In A More ‘Affordable’ Cryptocurrency

KISS bassist Gene Simmons shared a post on his official Twitter page revealing the fact that his most recent investment in a cryptocurrency is Cardano which is widely abbreviated as ADA in addition to explaining the reason behind he chose to invest $300,000 in ADA.

As many of you remember, Gene Simmons first revealed his interest in cryptocurrency when he tweeted, revealing he invested seven-figure several months ago in Bitcoin a week ago and should have made a great amount of profit thanks to BTC going higher for the past few months overall.

Here is what Simmons said:

Bitcoin, I bought seven-figure months ago. It’s been very good to me. Do I believe it’s going even higher than the recent record-breaking surges? You bet!”

A few days after, Gene Simmons shared another post on his Twitter page revealing another investment move of his to an altcoin this time. Apparently, Simmons wanted to also buy Etherium which the second biggest cryptocurrency at the moment, he bought $300K of Ethereum about four months ago as he stated.

Gene Simmons recently shared a post on his official Twitter page revealing that he bought $300,000 of Cardano this time strictly stating that he’s only sharing what’s he’s doing with his fans and it’s not an investment advice in addition to revealing that he believes ADA is going to go up.

Here is what Simmons said:

I just bought $300,000 of CARDANO (ADA). I’m not a Financial Analyst and I’m not telling U to buy or not to buy. Simply letting U know what I am doing and what I believe in. Why? Because I believe it’s going up..and it’s always up to you to research & decide.”

Later on, Simmons shared another tweet revealing his reason behind buying Cardano, since investing different cryptocurrencies and dividing your money into sections always safer, more profitable, and both Etherium and Bitcoin are very expensive, he wanted to buy more affordable altcoin he believed in.

Here is what he said:

“Why did I buy Cardano (ADA)? Well, for one thing, it’s affordable to almost everyone. It’s pennies compared to my other holdings like Bitcoin, which is over $50,000 a single coin. I believe everyone should be able to afford cryptocurrency. And here is one I believe in.”

You can see the Twitter posts below.