Gensler separates Bitcoin from the pack, calls most crypto ‘highly speculative’
In a new Bloomberg interview, former SEC Chair Gary Gensler reiterated that Bitcoin stands apart from thousands of other crypto tokens, which he describes as ‘highly speculative’ assets.
Former US Securities and Exchange Commission Chair Gary Gensler has renewed his warning to investors about the risks of cryptocurrencies, calling most of the market “ highly speculative” in a new Bloomberg interview.
He carved out Bitcoin (BTC) as comparatively closer to a commodity while stressing that most tokens don’t offer “a dividend” or “usual returns.”
Gensler framed the current market backdrop as a reckoning consistent with warnings he made while in office that the global public’s fascination with cryptocurrencies doesn’t equate to fundamentals.
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