Gary Gensler: Bitcoin (BTC) will Survive While Other Altcoins will Fade Away!
Jakarta, Pintu News – Former US Securities and Exchange Commission (SEC) Chairman Gary Gensler’s views on the future of Bitcoin and other altcoins have caught the attention of many.
In his latest interview with CNBC, Gensler expressed his belief that Bitcoin (BTC) has the potential to last, as opposed to most altcoins that probably won’t due to a lack of a solid foundation.
Gary Gensler’s View on Bitcoin (BTC)
Gary Gensler, who served as SEC Chairman from 2021 to 2025, emphasized that Bitcoin (BTC) has a uniqueness that sets it apart from thousands of other cryptocurrencies.
Read also: Bitcoin Breaks Past $87K on April 21, 2025 — Riding the Wave of Gold’s Explosive Surge?
According to him, Bitcoin (BTC) has managed to build strong global interest, which is one of the main reasons why this digital currency can survive in the long run.
Gensler also added that Bitcoin (BTC) is often considered as ‘digital gold’ due to its stable position as a store of value. During his tenure at the SEC, Gensler was known for his strict approach to cryptocurrency regulation.
He initiated numerous enforcement actions against various exchanges, token issuers, and other crypto entities. While he did not comment directly on the dismissal of cases filed during his tenure, Gensler shifted focus to broader trends in the cryptocurrency market.
Fundamental Differences Between Bitcoin (BTC) and Altcoins
In his view, Gensler suggests that investors should conduct a careful risk assessment of the asset, focusing primarily on the fundamentals of the project.
He criticizes that many crypto assets are driven by market sentiment alone, which he says is unsustainable and likely to lose value over time. This shows the importance of understanding the fundamentals that underpin the value of a cryptocurrency.
Gensler also emphasized that only a few cryptocurrencies like Bitcoin (BTC) will be able to stand the test of time.
He compared Bitcoin (BTC) to precious metals, pointing out that Bitcoin (BTC) has a unique position in the cryptocurrency world, which most altcoins lack.
Long-term Outlook for Bitcoin (BTC)
While acknowledging the volatility of Bitcoin (BTC), Gensler still shows confidence in its long-term prospects.
He believes that Bitcoin (BTC) will continue to attract interest as a store of value, in contrast to many altcoins that struggle to demonstrate the same level of acceptance. These comments are in line with previous statements that have been made by Gensler, who has always emphasized the importance of differentiating Bitcoin (BTC) from other cryptocurrencies.
Gensler also revealed that he does not own Bitcoin (BTC) or any other crypto assets, which shows his neutrality in giving this view. This gives a more objective perspective to his views on the cryptocurrency market as a whole.
Overall, Gary Gensler’s comments provide important insights into how the cryptocurrency market might develop in the future.
With a focus on fundamental strength and long-term sustainability, Bitcoin (BTC) seems positioned to continue dominating as the main crypto asset, while many altcoins will probably face difficulties to maintain their relevance.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference:
- BeInCrypto. Gary Gensler Prefers Bitcoin Over Altcoins. Accessed on April 21, 2025
