 ▲ Bitcoin (BTC) |
Gene Simmons, frontman of the legendary rock band KISS, has drawn investors’ attention by expressing a strong conviction that the long-term holding (HODL) principle should be upheld despite the recent decline in Bitcoin prices.
On February 5 (local time), Simmons shared his cryptocurrency investment philosophy on social media, declaring, “My personal philosophy regarding Bitcoin (BTC) is to HODL.” He made it clear that he firmly believes in Bitcoin’s future value despite current market volatility and is betting on long-term growth rather than short-term fluctuations.
In a message to fans, Simmons said, “I believe in the future,” expressing optimism that the recent downturn would not undermine Bitcoin’s intrinsic value. At the same time, he cautioned against blind following, adding that “everyone should do their own research (DYOR) and make their own decisions.” He urged a responsible approach in which investors participate in the market only when they have personal conviction rather than being swayed by celebrity remarks.
On the same day, Bitcoin advocate and JAN3 CEO Samson Mow also suggested that the recent price plunge was unreasonable. Commenting on Bitcoin’s nearly 20% drop over the past week, Mow said it feels unfair that Bitcoin is moving sideways or declining while other assets are rising. He analyzed that fears of an artificial intelligence (AI) bubble or turmoil in the precious metals market may be weighing on Bitcoin’s price.
However, Mow maintained an optimistic outlook that Bitcoin’s absolute scarcity will ultimately drive prices higher. “We cannot remain suppressed forever,” he said, arguing that with Bitcoin’s limited supply, a rebound is inevitable. He also pointed out that the current price is significantly undervalued compared to what he considers a fair value of $110,000, highlighting the market’s irrational overselling.
*Disclaimer: This article is for investment reference only, and the publisher assumes no responsibility for any investment losses based on it. The content should be interpreted solely for informational purposes.*