Gensler Sees Long-Term Future for Bitcoin: Altcoins Likely to Fade Away

Former SEC Chairman Gary Gensler has underscored his belief in the long-term stability of Bitcoin, while forecasting that altcoins are likely to experience a decline. During his tenure as Chair of the U.S. Securities and Exchange Commission (SEC), Gensler was known for enacting stringent regulations on cryptocurrency exchanges and actively pursuing enforcement actions against crypto firms. In a recent public interview since stepping down from his position, Gensler made these views clear.