Former SEC Chairman: Bitcoin is the only crypto asset worth attention

According to former Chairman of the U.S. Securities and Exchange Commission (SEC) Gary Gensler, the overwhelming majority of digital currencies lack a real economic basis and exist primarily based on investor expectations. He shared this in an interview with CNBC.

"The value of most cryptocurrency tokens is determined not by economic laws, but by pure speculation, which makes them extremely vulnerable," he noted.

Gensler specifically highlighted Bitcoin as the only widely known asset in the crypto space:

"Almost everyone on the planet knows about Bitcoin. But who can name even a few of the ten thousand tokens that exist today?" he said.

He drew a parallel between cryptocurrencies and precious metals: in both cases, there are many options available in the market, but only a few—like gold and silver—have real value and attract significant investments.