Former SEC Chair Gensler Warns All Cryptos Are Risky — Except Bitcoin

Former SEC Chairman Gary Gensler told Bloomberg that cryptocurrencies, excluding Bitcoin, represent highly speculative assets with minimal fundamental backing. His remarks came as Bitcoin rebounded toward $92,000 following a volatile week marked by bond market turbulence and institutional shifts. Gensler drew a sharp distinction between Bitcoin and thousands of alternative tokens, arguing investors face heightened risk beyond the flagship cryptocurrency. “Putting aside Bitcoin for a minute, all the thou ...