The Kiss frontman and bassist known for his on-stage persona “the Demon” announced he will accept cryptocurrency for his estate in Las Vegas, which is listed on the market for $13.5 million.
Simmons is a big fan of cryptocurrency ever since it was explained to him a few years ago by Tyler Winklevoss of Gemini and Capital Management.
He said he bought millions in Bitcoin when the price was about $10,000. So even with the recent dip in the cryptocurrency market, he’s up about 400% on his investment.
Simmons says he is a “HODLer” when it comes to cryptocurrency, and that he has a long-term view on crypto.
He is selling the 11,000 square foot home because his family claims Las Vegas is too hot. He’s already bought another home in Los Angeles.
Simmons purchased the three-level mansion in the Ascaya community for $8.7 million only two years ago. It includes a tropical fish tank, private bar and lounge, disappearing walls that open the dining room to a courtyard view, and an 11-seat state-of-the-art theater.
In the same way Simmons is in no hurry to sell his cryptocurrencies, it appears he’s being patient with the house as well. “I’m going to sit back and get the right mix at the right price with the right buyer,” he said.
He also added that there are “quite a few newly minted rich folks who are very young” and crypto is a part of life.
The cryptos he will accept include Bitcoin, Ethereum, Uniswap, Polkadot, Litecoin, Aave, or Try — or any combination of these coins.
Gene Simmons Is Accepting Crypto for $13.5 Million Las Vegas Mansion
