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Gensler: Bitcoin a "Highly Speculative Asset" with Global Appeal
Summary: Comparing Bitcoin to gold, Securities and Exchange Commission Chairman Gary Gensler has highlighted the cryptocurrency's speculative nature as a key driver of its global appeal. In a recent interview with CNBC, Gensler suggested that Bitcoin's potential market could encompass the entire world population. "I think that Bitcoin is a highly speculative, volatile asset. But with ...
Comparing Bitcoin to gold, Securities and Exchange Commission Chairman Gary Gensler has highlighted the cryptocurrency's speculative nature as a key driver of its global appeal.
In a recent interview with CNBC, Gensler suggested that Bitcoin's potential market could encompass the entire world population. "I think that Bitcoin is a highly speculative, volatile asset. But with 7 billion people around the globe, 7 billion people want to trade it just like we do have gold for 10,000 years. We have Bitcoin. It might be something else in the future as well. These other thousands of projects need to show their use case and show that they actually have fundamentals underlying them or they won’t persist", he said.
Tags: BTC,Gary Gensler,Gold,SEC
Link: Gensler: Bitcoin a "Highly Speculative Asset" with Global Appeal [Copy]
