Gensler warns altcoins lack fundamentals and may not endure

Former U.S. SEC Chair Gary Gensler said in a CNBC interview that Bitcoin may persist “for a very long time” due to strong global interest, according to Cointelegraph on X. He noted that while most financial assets are influenced by both fundamentals and sentiment, the cryptocurrency market is driven almost entirely by sentiment. Gensler advised investors to carefully assess their personal risk, warning that altcoins lacking fundamental value “generally don’t end up well.”