Gary Gensler, former SEC Chair, asserts Bitcoin’s potential longevity due to significant global interest, contrasting it with the fading relevance of most altcoins lacking solid fundamentals. He emphasises the necessity of assessing cryptocurrency based on project fundamentals over sentiment. Despite expressing optimism about Bitcoin, Gensler states he does not own any cryptocurrencies.
Gary Gensler, former Chair of the US Securities and Exchange Commission (SEC), expressed confidence in the longevity of Bitcoin (BTC) versus most altcoins, which he believes will diminish due to insufficient fundamentals. During a CNBC interview, Gensler attributed Bitcoin’s potential for long-term persistence to its global interest, stating, “With 7 billion people around the globe, a real keen interest in it.”
Gensler, who served from 2021 to 2025, addressed the cryptocurrency sector in light of recent dismissals of lawsuits from his tenure. While he did not comment specifically on these cases, he noted that the cryptocurrency market is currently small compared to traditional financial sectors, emphasising that it often relies more on sentiment rather than fundamental analysis.
He advised stakeholders to focus on project fundamentals and warned that many cryptocurrencies are heavily sentiment-driven and thus may not maintain their value. Gensler compared Bitcoin’s position amongst cryptocurrencies to that of precious metals, indicating its unique and desirable characteristics.
He suggested that most cryptocurrencies influenced by trends or social media will fail to attain lasting interest. Gensler reaffirmed his previous stance from a January 2025 interview, wherein he acknowledged Bitcoin’s volatility but maintained optimism regarding its future—drawing parallels to precious metals like gold. Despite his positive outlook on Bitcoin’s future, he revealed that he does not personally hold any Bitcoin or other cryptocurrencies.
Gensler’s views contribute to ongoing discussions on cryptocurrency viability as Bitcoin increasingly emerges as a reliable store of value amid the challenges faced by altcoins.
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