Gensler separates Bitcoin from the pack, calls most crypto ‘highly speculative’
Former SEC Chair Gary Gensler reiterated that most cryptocurrencies are highly speculative, distinguishing Bitcoin as closer to a commodity.Summary
Former US Securities and Exchange Commission Chair Gary Gensler stated in a recent interview that most cryptocurrencies are "highly speculative" because they lack fundamentals like dividends, unlike traditional assets. He specifically differentiated Bitcoin, viewing it as comparatively closer to a commodity. Gensler, whose tenure at the SEC involved aggressive enforcement against crypto intermediaries based on the view that many tokens are unregistered securities, emphasized that investors must be aware of the risks associated with tokens lacking underlying fundamentals. He also commented on the natural drift toward centralization in finance, noting that even decentralized ecosystems become more integrated with traditional markets, citing the approval of Bitcoin futures ETFs during his time in office.
(Source：Cointelegraph)