Gensler Warns of Altcoin Risks, Sees Bitcoin’s Longevity

Former SEC Chair Gary Gensler has sparked debate in the cryptocurrency market with his assessment of altcoins’ future. He noted a stark difference between Bitcoin and other cryptocurrencies, highlighting Bitcoin’s enduring appeal due to factors like global recognition, decentralized nature, and established infrastructure. In contrast, he emphasized that many altcoins lack strong fundamentals, leading to increased volatility and potential for substantial losses for investors.