With Elon Musk tweeting about Bitcoin and Doge, some other celebrities have joined the party.
Rock and Roll and Bitcoin
Now, rockstar Gene Simmons of the band KISS has named himself, “God of Dogecoin.” Presumably, he considers himself God of $DOGE because the title of CEO is already taken.
On Jan. 31, 2021, the 71-year-old bassist announced that he would be investing in cryptocurrencies. In an uncharacteristically restrained tweet, Simmons said he was buying BTC, ETH, and LTC. He then added that he purchased Dogecoin and XRP.
Since then, the KISS front man has retweeted a number of memes involving himself and DOGE (with a brief respite to tweet about medieval toilets).
The Gospel According to Simmons
Last month, Simmons ranted against the American monetary system in an interview in “American Songwriter”. He told an interviewer his thoughts about the US dollar:
“The dollar used to be based on gold and you can lose a dollar. You can’t lose your crypto currency, unless, of course, you lose what’s called your ‘code wallet,’ or your password. Banks have nothing to say about it. Governments have nothing to say about it. The world is changing.”
Simmons continued to tweet about crypto through Saturday, Feb 6., concentrating mainly on the meme-driven $DOGE coin. Two weeks ago, $DOGE saw about an 800% increase in price in just a few days as the WallStreetBets army of investors pumped the price to nearly $0.08.
Groupie Pump and Dump?
Doge is currently trading at $0.054 cents, up from about $0.03 just days ago on Feb 2. Coingecko shows $DOGE holding the #12 spot of top crypto assets by market cap.
But Gene Simmons has not explicitly told people to buy DOGE. In the “American Songwriter” interview, Simmons said he would not tell people what to do with their money so that they would not blame him, “in case the world goes upside down.”
It is not immediately clear if Simmons is trying to pump Dogecoin or any other cryptocurrency for personal profit. After all, with crypto unregulated, one tweet could spark a pump that could easily be dumped.
Judging by his interview, he seems to be genuinely interested in digital money and blockchain. Likewise, Simmons, who has almost a million followers, cannot count on a massive price increase based on his comments about investments (like someone, say Elon Musk, might be able to).
Meanwhile, Elon Musk continues to write about $DOGE on Twitter. He asked Twitter what the future of currency would be: Dogecoin or All Other Crypto. As of writing, 70% of respondents chose $DOGE.