Will Bitcoin survive while other currencies disappear?

Gary Gensler, the former chairman of the U.S. Securities and Exchange Commission (SEC), stated that #Bitcoin may remain a safe value similar to gold, but he warned that more than 90% of other digital currencies are at risk of collapse.

Why?

- Digital currencies live on "emotions" rather than real value:

Gensler says, "This market is 99% dependent on emotions, with no financial foundation supporting it."

- Bitcoin is different:

It is globally recognized as a "Store of Value" due to its scarcity and widespread adoption, but 10,000 other coins – especially "meme tokens" – may disappear because they lack a foundation.

Factors to pay attention to:

- With the SEC's budget cut by 20%, the risks of market manipulation and money laundering increase.

- Conflicting policies in America undermine trust and make markets susceptible to sharp fluctuations.

💡How to protect your investments?

1. Focus on digital currencies with a strong foundation (like Bitcoin).

2. Stay away from currencies that rely on media hype without real projects.

3. Learn to analyze fundamentals before investing in any currency.

Share your opinion:

Do you think Bitcoin will maintain its throne? Or will another currency compete with it? Write your opinion in the comments.