“The vast majority of cryptocurrencies do not have a real economic basis and exist only through market expectations. This was stated by Exglav SEC Gary Gensler in an interview with CNBC. “The prices of most tokens are determined not by factors of economy, but by speculative mood. It is dangerous, ”he said. Gensler stressed that bitcoin remains the only known asset in the industry: “Seven billion people know about it. […]”, – WRITE: Businessua.com.ua
The vast majority of cryptocurrencies do not have a real economic basis and exist only through market expectations. Exhalava stated that Sec Gary Gensler in CNBC interview.
“The prices of most tokens are determined not by factors of economy, but by speculative mood. It is dangerous, ”he said.
Gensler stressed that bitcoin remains the only known asset in the industry:
“Seven billion people know about him. But who heard about 10,000 other tokens? ” He said.
According to the Gensler, the cryptoactive market resembles precious metals, where there are many options, but only gold and silver attract serious investments.
The exchamber of the regulator also condemned Donald Trump’s tariff policy, noting that his administration had a “injury to himself.”
Genshler stressed that China’s risks remain elevated and can shake the US financial markets.
We will remind, in January Exglav SEC stated that “never called” bitcoins and ethereum securities.
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