Former US Securities President Gary Gensler said many altcoins may disappear soon. In addition, he pointed out that Bitcoin (BTC) can continue to exist and prosper for a long time.

In a recent interview with CNBC, the former SEC president mentioned that Bitcoin’s lasting presence may be attributed to the strong global interest.

Something like Bitcoin can persist long because there are 7 billion people around the world, a real interest in him, stated.

Gensler, who served as president of SEC from 2021 to 2025, made these observations in response to questions about the reaction of the crypto industry to rejection of processes and investigations initiated during his term.

While in SEC, he adopted a strict stance on the regulation of crypts. Gensler has launched several inspection actions aimed at various exchanges, tokens broadcasters and other crypto entities.

Although he avoided directly commenting on the rejection of these cases, he changed focus to broader trends within the cryptocurrency market.

I will get away from individual cases away and just say that again to your audience. This is a very small segment of financial markets, but if you are interested in this, think that every financial asset negotiates a little based on foundations and feeling. But this field is almost 99, or perhaps it can be said 100% feeling and very little on fundamentals, said Gensler.

Gensler warns about the volatility of crypts

The former SEC president defended a careful assessment of the risks of assets. He pointed out that the main focus should be the foundations of the project. In addition, Gensler warned that many actives are predominantly driven by feeling. As a result, he suggested that such tokens are generally unsustainable and likely to lose value over time.

When asked if Bitcoin should be grouped with other cryptocurrencies, Gensler made an analogy with precious metals. He suggested that Bitcoin occupies a unique position in the cryptocurrency world.

There are only two or three precious metals. We humans have a certain fascination with two or three precious metals like gold, he said.

In addition, the former SEC president believes that the vast majority of cryptocurrencies, especially those driven by trends, memes or social sentiment, will not attract lasting interest. He pointed out that only a few, such as Bitcoin, will resist the test of time.

These comments are aligned with Gensler’s previous statements about the crypto market. In an interview from January 2025 to CNBC, he recognized BTC’s volatility, but showed confidence in his long -term perspectives.

With 7 billion people around the world, 7 billion people want to negotiate it as we have gold for 10,000 years. We have Bitcoin. It may be something different in the future too, noted.

Despite the optimistic perspective, Gensler revealed that he had no bitcoin or other crypto assets.

His observations reflect ongoing debates on the legitimacy and sustainability of cryptocurrencies. While Bitcoin has gained strength as a value reserve, many altcoins fight to demonstrate the same level of acceptance.