Don’t believe the hype. Gene Simmons may promote many things, but he doesn’t go near anything unless he has an “emotional connection,” to it, he once told CNBC. Apparently, bitcoin is near and dear to his heart and the crypto winter didn’t freeze him out.
Simmons was among those in attendance at a recent crypto event for family offices, which is another way of saying, wealthy investors. Considering his net worth of approximately $300 million, the Kiss co-founder must have felt right at home. Morgan Creek Digital Co-Founder Anthony Pompliano was among the featured speakers, and he apparently hung out with the Kiss frontman at an afterparty in Los Angeles.
Simmons may be famous for being a rocker but he’s much more than that. The Kiss bassist is also an entrepreneur and businessman. In fact, the Kiss brand has “generated $3 billion worth of ancillary revenue,” CNBC reported, but Uncle Sam takes a steep cut of that, so he’s wondering where it went. In 2012, the Israeli-American told Forbes he is a capitalist but at the time he had a problem with the state of “capitalism in America,”.