Gary Gensler is, of course, the current SEC Chairman, serving in that capacity from 2021-2025. The interview BITCOIN MAGAZINE: You’ve mentioned that you think Bitcoin is the only thing that can last, and everything else is doomed. Gensler, famous for his heavy-handed regulatory approach to cryptos during his time at the SEC, speaks directly to investors. He implores them to do real risk analysis and focus on the true fundamentals of a project. He views Bitcoin as “digital gold.” He’s a big proponent of bitcoin’s stability as a store of value and its uniqueness as the only cryptocurrency among thousands of others.

Gensler’s observations provide important context for understanding where the cryptocurrency market is likely headed. Most recently, note his constant emphasis on how important it is to distinguish Bitcoin from other cryptos. His latest remarks are very much in line with his past statements on the issue.

…that Gensler does not own Bitcoin or any other crypto assets, which helps to emphasize his neutrality when offering his perspective. Even given Bitcoin’s volatility, he’s optimistic about its overall future.

Chairman Gensler has been clear about one thing, he thinks Bitcoin may be the one that lasts. Unlike Bitcoin, he feels most altcoins are built on a shaky premise. His opinions about the future of Bitcoin vs. altcoins have been widely discussed.

Indeed, during his SEC chairmanship, Gensler developed a reputation for being heavy-handed in his treatment of the crypto market. He turned his attention to the wider trends shaking up the cryptocurrency market. Even as he did this, he admitted responsibility for the case dismissals filed during his tenure.

Gensler asks investors to consider the risks of crypto assets. First, he speaks to the value of honing in on a project’s root basics. This strategy goes a long way in pushing investors and traders away from market speculative excitement and more towards the long-term sustainability of the cryptocurrency itself.

This is why Gensler considers Bitcoin to be ‘digital gold’, since it has already rooted itself as a store of value. This apples to apples comparison underscores the relative stability of Bitcoin compared to its many altcoin competitors.

Yet BTC’s uniqueness is something Chair Gensler has been keen to highlight, stressing that BTC is unique and unlike the thousands of other cryptos. This may be due to its first-mover advantage, but its decentralized nature and the network effect it has built.

As a side note, Gensler has expressed the opinion that only a handful of cryptocurrencies, such as Bitcoin, will survive long term. He is looking for a big consolidation in the crypto space. This means that only the best and most well-founded projects will last over the long haul.

Gensler’s remarks offer valuable clues about how lawmakers hope to mold the burgeoning cryptocurrency market into something more predictable and favorable in the future. His view is authoritative not only because of his prior experience as SEC Chairman, but because of his deep knowledge of the regulatory environment.

This is a theme Gensler has consistently pushed – that the distinction between Bitcoin and other cryptocurrencies needs to be made. It’s important that investors understand this key distinction. That way, it gives them a clearer picture of the different risk profiles and potential rewards associated with each kind of crypto.

>Gensler’s absence of ownership of Bitcoin or other crypto assets further solidifies his neutrality when providing his perspective. This freedom from conflict of interest provides an added boost to his credibility as an analyst on the cryptocurrency market.

Despite his worries about the extreme volatility of Bitcoin, Gensler is undeniably bullish on its long-term future. He regards Bitcoin more as a high-risk, high-reward asset. Beneath the daily volatility, it is poised for enormous long-term growth.

According to Gensler, there’s a strong case to be made for Bitcoin’s long-term success. Unlike Bitcoin, he believes most altcoins have no real value and probably won’t survive. He thinks all these altcoins are built on an unsustainable house of cards. Beyond that, he believes they don’t have the utility to actually make it in the long run.

Gensler’s populist Bitcoin vs altcoin stance has, unsurprisingly, ruffled the feathers of the crypto community. Cryptocurrency investors, regulators, and industry participants are all fixated on his pronouncements to see how one should proceed in this rapidly changing world of digital currencies.