Altcoin Trading
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Gary Gensler: "All cryptocurrencies are risky, except for Bitcoin"
On the air of Bloomberg TV, Gensler urged investors not to forget that crypto assets are characterized by strong volatility, due to which they can lose a significant part of their investments.
"The American and global public are fascinated by cryptocurrencies. But this is an extremely speculative asset. If we take a step back from Bitcoin and dollar-backed stablecoins, it's worth asking what the fundamental foundations are for other thousands of tokens? What lies at their core?" Gensler said.
"The American and global public are fascinated by cryptocurrencies. But this is an extremely speculative asset. If we take a step back from Bitcoin and dollar-backed stablecoins, it's worth asking what the fundamental foundations are for other thousands of tokens? What lies at their core?" Gensler said.
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