{"id":23137,"date":"2025-04-17T15:34:02","date_gmt":"2025-04-17T12:34:02","guid":{"rendered":"https:\/\/forklog.com\/en\/former-sec-chair-declares-bitcoin-the-sole-worthwhile-crypto-asset\/"},"modified":"2025-04-17T15:34:02","modified_gmt":"2025-04-17T12:34:02","slug":"former-sec-chair-declares-bitcoin-the-sole-worthwhile-crypto-asset","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/former-sec-chair-declares-bitcoin-the-sole-worthwhile-crypto-asset\/","title":{"rendered":"Former SEC Chair Declares Bitcoin the Sole Worthwhile Crypto Asset"},"content":{"rendered":"<p>The vast majority of cryptocurrencies lack a real economic foundation and exist solely due to market expectations, according to former <span data-descr=\"U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span> <a href=\"https:\/\/forklog.com\/en\/news\/gary-genslers-departure-a-retrospective-on-the-sec-chairs-tenure\">Chair Gary Gensler<\/a> in an interview with CNBC.<\/p>\n<p><iframe width=560 height=349 src=https:\/\/player.cnbc.com\/p\/gZWlPC\/cnbc_global?playertype=synd&#038;byGuid=7000373075 frameborder=0 scrolling=no allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen ><\/iframe><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;The prices of most tokens are determined not by economic factors, but by speculative sentiment. This is dangerous,&#8221; he noted.<\/em><\/p>\n<\/blockquote>\n<p>Gensler emphasized that Bitcoin remains the only recognizable asset in the industry:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;Seven billion people know about it. But who has heard of the 10,000 other tokens?&#8221; he stated.<\/em><\/p>\n<\/blockquote>\n<p>In Gensler&#8217;s view, the crypto asset market resembles precious metals, where there are many options, but only gold and silver attract serious investment.<\/p>\n<p>The former regulator also criticized <a href=\"https:\/\/forklog.com\/en\/news\/glassnode-sizes-up-the-impact-of-trumps-tariffs-on-bitcoins-outlook\">Donald Trump&#8217;s tariff policy<\/a>, noting that his administration inflicted &#8220;self-harm.&#8221;<\/p>\n<p>Gensler stressed that risks associated with China remain elevated and could destabilize U.S. financial markets. <\/p>\n<p>In January, the former SEC chair <a href=\"https:\/\/forklog.com\/en\/news\/gary-gensler-says-he-never-called-bitcoin-or-ethereum-securities\">stated<\/a> that he &#8220;never called&#8221; Bitcoin and Ethereum securities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The vast majority of cryptocurrencies lack a real economic foundation and exist solely due to market expectations, according to former SEC Chair Gary Gensler in an interview with CNBC. &#8220;The prices of most tokens are determined not by economic factors, but by speculative sentiment. This is dangerous,&#8221; he noted. Gensler emphasized that Bitcoin remains the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":23136,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1181],"class_list":["post-23137","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-gary-gensler"],"aioseo_notices":[],"amp_enabled":true,"views":"27","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/23137","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=23137"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/23137\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/23136"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=23137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=23137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=23137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}