SEC Chairman Gary Gensler: Bitcoin is a highly speculative asset, and 7 billion people worldwide want to trade bitcoin
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SEC Chairman Gary Gensler: Bitcoin is a highly speculative asset, and 7 billion people worldwide want to trade bitcoin
According to Bitcoin Magazine, U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler recently gave a video interview to CNBC. When asked about his views on Bitcoin, Gensler said, "Bitcoin is a highly speculative asset. Seven billion people around the world want to trade Bitcoin—just as humans have held gold for 10,000 years, now we have Bitcoin." On regulatory stance, Gensler pointed out that the SEC has never classified Bitcoin as a security. Regarding the thousands of other crypto projects, he emphasized
Navigating Web3 tides with focused insightsTechFlow news, according to Bitcoin Magazine, U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler recently gave a video interview to CNBC. When asked about his view on Bitcoin, Gensler said, "Bitcoin is a highly speculative asset. Seven billion people around the world want to trade Bitcoin—just as humans have valued gold for 10,000 years, now we have Bitcoin."
On regulatory stance, Gensler noted that the SEC has never classified Bitcoin as a security. Regarding the thousands of other crypto projects, he emphasized the need to demonstrate real-world use cases and fundamental value. When the host jokingly remarked, "You must be holding Bitcoin," Gensler replied that he hasn't held any cryptocurrency in the past seven to eight years. The host then quipped, "Now you can hold it, since you're about to step down as SEC Chair."
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