Gensler Sees Bitcoin’s Future as Distinct from Altcoin Hypes

Crypto markets saw mixed performance on Thursday, with Bitcoin and Ethereum experiencing slight gains amidst concerns about new tariffs potentially impacting the economy. While some altcoins like XRP, Solana, and Dogecoin saw notable increases, others such as BNB and Tron experienced drops. SEC Chair Gary Gensler’s recent comments highlight a potential shift in market dynamics. He believes that Bitcoin will endure while many altcoins are likely to fade away due to their reliance on hype rather than intrinsic value.