Gary Gensler, former SEC Chair and current MIT professor, reiterated his concerns about crypto volatility in a recent interview with Bloomberg. He emphasized that most cryptocurrency tokens lack genuine value or purpose beyond speculation. While he acknowledges some coins offer potential use cases like smart contracts and faster payments, he believes most investors are driven by price fluctuations rather than true utility. However, Gensler has singled out Bitcoin as an exception due to its established track record and recognition within the market. Meanwhile, many altcoins, particularly smaller or meme-driven tokens, rely heavily on hype and speculation. 80% to 90% losses after short rallies are common in this category.