Throughout 2025, cryptocurrency market regulation has been a focal point for a host of nations. Among them is the United States, which has completely shifted the nation’s stance toward the industry with the arrival of US President Donald Trump. Now, ex-SEC Chair Gary Gensler has spoken out, saying that Bitcoin will last, while most altcoins won’t.
Gensler was the face of the US Securities and Exchange Commission (SEC) that greatly opposed the industry. Throughout his tenure, the agency adopted a regulation-by-enforcement approach to governing its development. Since then, things have shifted with the most pro-crypto regime the nation has ever seen. Yet, the former chairman is not deterred from this stance regarding its future prospects.
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Gary Gensler Speaks Up on Crypto, Warns of Altcoins’ Future
In the first three months of the year, the United States has been applauded for its continued cryptocurrency shift. Indeed, the country has sought to introduce regulation and legislation that support the industry’s growth within its borders. Moreover, much of that work has come in the form of undoing a hyper-aggressive administration that came before it.
Ex-SEC chair Gary Gensler had long been the face of that anti-crypto sect, and he is now speaking out regarding Bitcoin and altcoins. He has recently discussed his perspective on the asset class. Specifically, what he believes will come for the future of the digital finance sector.
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“Something like Bitcoin may persist for a long time because there’s 7 billion people around the globe, a real keen interest in it,” Gensler said in a CNBC interview. However, he warned that what has happened with Bitcoin is unlikely to be repeated across several assets.
“This is a very small part of the financial markets,” Gensler said. “But, if you were interested in this, think about every financial asset sort of trades on a bit of fundamentals and sentiment. But this field is almost 99, or maybe one might say 100%, sentiment and very little on fundamental.”
Altogether, Gensler said that Bitcoin will be the gold of the crypto market. Regarding the arrival of competitors, he expected their presence to be slim in comparison. “Theres only two or three precious metals. We humans have a certain fascination with two or three precious metals like gold,” he noted in comparison.