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Rock Legend Gene Simmons Talks Bitcoin: Musician Believes China Is Behind the Ripple Lawsuit, {Dollars} Are Based mostly on Nothing

02/08/2021

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The American musician, co-lead singer, and bassist for the rock band Kiss, Gene Simmons, has been very talkative about cryptocurrencies over the last two weeks. Only in the near past, Simmons sat down with Bitcoin.com’s podcast host, Dustin Plantholt and the 2 mentioned a wide range of topics just like the Ripple lawsuit, and why the rockstar thinks cryptocurrencies are price proudly owning.

Gene Simmons Talks Crypto In an Upcoming Bitcoin.com Podcast Unique

Gene Simmons is well-known for his band Kiss, the rock band that was shaped in 1973 by Simmons, Paul Stanley, Peter Criss, and Ace Frehley. Simmons can be identified for being an entrepreneur through the years and only recently, information.Bitcoin.com reported on Simmon’s telling his Twitter followers about which cryptocurrencies he owned. Final week, the bass participant instructed his followers he bought BTC, ETH, LTC, DOGE, XRP, and different digital property.

Rockstar legend Gene Simmons has been discussing cryptocurrencies recurrently on social media and this week he chatted with Bitcoin.com Podcast host Dustin Plantholt.

This Saturday, Simmons joined Tesla founder Elon Musk and the hip hop artist Snoop Dogg, and began tweeting about dogecoin (DOGE). Moreover, this week the rockstar from Kiss obtained along with Bitcoin.com’s podcast host, Dustin Plantholt, for a podcast sponsored by alternate.Bitcoin.com. Through the dialog, Simmons instructed Plantholt that not like most of his friends, he was a bookworm and he examine economics at an early age.

“Once I was a child I began studying stuff, the form of stuff that the opposite children didn’t learn,” the Kiss bassist mentioned throughout the podcast. “In order you understand studying is key and the extra info I obtained, the extra questions I had. I realized about capitalism and the way it works, how the federal government prints cash. That it was as soon as based mostly on gold, and there lies the worth, after which in some unspecified time in the future previously earlier than most of you had been born, the greenback was not based mostly on gold,” Simmons added. The musician additional added:

[The dollar] relies on nothing.

(Left) Bitcoin.com Podcast host Dustin Plantholt. (Proper) Kiss bassist and co-lead singer Gene Simmons. Be sure to try the podcast subsequent week with Simmons as you don’t wish to miss this episode.

“That’s okay if the whole lot works,” Simmons insisted to Plantholt throughout the dialog. “Then the world continues to by some means base worth on {dollars}. Even the terrorists wish to receives a commission in {dollars} and never by native wombat coinage— I’m not the knowledgeable and I’m not directing [you] or suggesting that anybody get into cryptocurrency, I’m simply telling you what I’m doing. The extra governments and that features america authorities, proceed to maintain printing cash which relies on nothing, in some unspecified time in the future, you gotta pay the piper.”

‘Crypto Has Roots With the Individuals’

Simmons mentioned that he jumped into the crypto scene three months in the past and that he studied Satoshi Nakamoto and the digital asset financial system. When requested why it took him so lengthy, Simmons defined that it takes a while for the older generations to get it generally, and oftentimes they by no means really perceive.

Tune in subsequent week on Thursday, February 11, 2021, to take heed to the remainder of the unique Gene Simmons interview on the Bitcoin.com Podcast channel.

For example, he recalled how older members of the family by no means understood how he made cash, after she labored a 9 to five job day in and time out. Simmons defined that cash is altering, equally to how influencers just like the Kardashians have modified the leisure enterprise.

“I did a little analysis about Satoshi and the place he got here from and what it was,” the Kiss frontman mentioned. “It appears to me that the worth of issues is set by individuals. The worth of actual property is barely based mostly on what individuals say it’s. The worth of gold is barely what individuals agree on what it’s, and even Wall Avenue and shares based mostly [on people’s valuation], you can also make your personal valuation, however except individuals purchase the inventory, it means nothing,” Simmons careworn.

The Kiss bassist mentioned that “crypto appears to be a pleasant neighbor to that, which is that it has far more roots in individuals.” Simmons additionally famous that quite a lot of well-known people have been within the crypto house as effectively. Simmons likes cryptocurrencies due to this attraction and swelling attraction.

“You could have your chilly wallets, advert infinitum, all this cryptocurrency language nonsense, that the remainder of us don’t perceive,” he defined throughout the interview. “However there’s a easy thought, and the easy thought is you’ve obtained a deck of playing cards, and cryptocurrency is a kind of issues. You’ll be able to decide litecoin, bitcoin… no matter. The way it began and what the intent was will not be the problem for me. The difficulty for me and the attraction for me is that folks prefer it. [Notable people] whether or not it’s Elon, or whether or not it’s Camron and Tyler, there’s plenty of attention-grabbing individuals.”

‘The Buffet Individuals Are Going to Change’

Furthermore, Simmons mentioned he had a dialog about bitcoin with Mark Cuban and that crypto deniers are altering or will change quickly sufficient. “I had a dialogue with Mark Cuban the opposite day and he commented on one thing about bitcoin,” Simmons detailed. “He’s altering too, the Buffet persons are going to alter. You can’t keep away from it, I do know that Goldman [Sachs] people are this, institutional cash, and Scaramucci is it,” the musician added. Simmons additional mentioned:

I don’t consider for a second that most individuals perceive what cryptocurrency is, what it’s designed to do, however it’s instant and also you don’t must take care of banks— I like that.

That was just a few minutes of the dialogue with Bitcoin.com’s podcast host Dustin Plantholt and Kiss’s Gene Simmons. The dialog delves additional for an additional 25 minutes and through one level of the dialogue, Simmons mentioned he believes China is behind the current Ripple lawsuit. The musician additionally mentioned music piracy and what he thinks about that development that has grown considerably over the last decade. On the finish of the interview, he instructed individuals not to surrender on cash and that he was nonetheless into valuable metals like gold and silver to this present day.

The complete Bitcoin.com podcast with host Dustin Plantholt and particular visitor Gene Simmons will air on Thursday, February 11, 2021. The episode with the Kiss frontman is sponsored by the main cryptocurrency buying and selling platform Bitcoin.com Trade. The platform presents a world-class buying and selling engine, a big number of crypto property, and first-rate safety that meets the wants of each crypto veterans and newcomers on daily basis.

What do you concentrate on the upcoming podcast with the rockstar legend Gene Simmons? Tell us what you concentrate on this topic within the feedback part under.

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