Lick it up.

Kiss bassist Gene Simmons tweeted in February that he had bought $ 300,000 from Cardanos ADA, writing that the cryptocurrency was “a currency I believe in”.

The conviction has paid off for the rocker, ADA’s price has more than doubled since then. Based on the math on the back, the token hoard would now be worth more than $ 700,000.

ADA is one of 14 cryptocurrencies that Simmons owns, he said in an interview on the YouTube channel Altcoin Daily on Sunday.

“I like Cardano, although it’s an idiotic name,” said Simmons. “Put that thing away. Just call it ADA. Call it by the trade name. “

Through a spokeswoman, Simmons, 72, declined to comment when contacted by CoinDesk.

In a YouTube interview, Simmons said that he also owns Bitcoin, Ether (the native cryptocurrency of the Ethereum blockchain) and Litecoin, among others.

He said he bought Bitcoin when the price was around $ 10,000. It’s been trading just over $ 57,000 lately.

“All of my cryptos have done very well,” said Simmons.

Simmons becomes crypto

The musician, who was once known by his stage personality “The Demon”, said he bought 0.2% of two cryptocurrencies that he believes will increase tenfold. He declined to name them because then prices would likely go up and “you will have short sellers”.

“I want the climb to be natural,” said Simmons.

He said he was a “mean fan” of Charles Hoskinson, the lead developer of the Cardano blockchain.

“You live and die from the people who run the company,” said Simmons.

READ ALSO: Kiss’ Gene Simmons Acquires $ 300,000 worth of Cardano

He said BTC and ETH are the two largest cryptocurrencies in his portfolio by percentage.

And while he was selling Dogecoin (DOGE) earlier this year after Tesla CEO Elon Musk tweeted about it, he said he plans to hold his remaining cryptocurrencies for at least a decade.

“Do your research,” said Simmons. “In the interests of full disclosure, nothing I say means anything. Please ignore me I don’t give advice to anyone. “

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