$SOL Former SEC Chairman Acknowledged: Bitcoin is the Only Valuable Crypto Asset. The vast majority of cryptocurrencies lack a real economic basis and exist solely due to market expectations. This was stated by former SEC Chairman Gary Gensler in an interview with CNBC. Gensler emphasized that Bitcoin remains the only recognizable asset in the industry: "Seven billion people know about it. But who has heard of 10,000 other tokens?" he said. In Gensler's opinion, the crypto asset market resembles precious metals, where there are many options, but only gold and silver attract serious investments.

The former regulator also condemned Donald Trump's tariff policy, noting that his administration inflicted "self-harm."

Gensler stressed that the risks associated with China remain elevated and could shake U.S. financial markets. In January, the former SEC chairman stated that he "never called" Bitcoin and Ethereum securities.