The Kiss frontman said on Feb. 1 that he now owns several cryptocurrencies including XRP and Dogecoin (DOGE). Simmons did not hint at how much he invested and noted that his statement is not a recommendation.
Simmons has emerged as a major celebrity voice supporting cryptocurrencies. In 2017, Simmons said that he was interested in Bitcoin as part of his investment strategy. “I am interested in Bitcoin, but only as a piece of the investment puzzle,” he said.
Simmons’ move to invest in DOGE and XRP comes amid a massive bull run in both cryptocurrencies. As reported by Cointelegraph, both Dogecoin and XRP have been likely pumped by the controversial Reddit community r/Wallstreetbets.