Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Altcoin Season Delayed? Gensler Says Only Bitcoin Will Survive the Test of Time

Share This Post

The post Altcoin Season Delayed? Gensler Says Only Bitcoin Will Survive the Test of Time appeared first on Coinpedia Fintech News

The crypto market had a mixed day on Thursday after US Fed Chair Jerome Powell warned that new tariffs could slow economic growth and push inflation higher. Bitcoin went up slightly to $84,312, and Ethereum also gained a bit to $1,596. The overall crypto market cap rose just a little to $2.64 trillion. Some altcoins like XRP, Solana, Dogecoin, Cardano, and Chainlink saw good gains of up to 4%, but others like BNB, Tron, Sui, Litecoin, and NEAR dropped by as much as 3%. 

Looking at the current scenario under Trump’s leadership, Former SEC Chair Gary Gensler has once again drawn a sharp line between Bitcoin and the rest of the crypto market, saying Bitcoin is here to stay while most altcoins are likely to fade away.

In a recent CNBC interview, Gensler said Bitcoin’s strength lies in its global appeal. He pointed out that there’s strong interest from people all over the world comparing its endurance to gold. According to him, Bitcoin stands out like one of the “precious metals” humans have always been fascinated by, which could explain why it may survive the test of time.

Altcoins? Mostly Hype, Says Gensler

Gensler warned that most altcoins lack solid fundamentals. He believes the crypto market relies heavily on sentiment suggesting that nearly 100% of crypto assets trade on hype rather than intrinsic value. Because of this, many of these assets are unsustainable and will likely lose value over time.

Regulation, Risk, and Real Value

Without naming specific tokens, Gensler said investors should focus on the fundamentals of each project before investing. He emphasized that the real problem is how sentiment-driven the space has become, with little substance to back most altcoins. This aligns with his tough stance on crypto during his time at the SEC from 2021 to 2025, where he led enforcement actions against various crypto firms and exchanges.

Gensler Doesn’t Own Crypto—But Still Sees Bitcoin’s Future

Interestingly, despite his belief in Bitcoin’s longevity, Gensler revealed he doesn’t own any crypto himself. Still, he acknowledged Bitcoin’s resilience and likened it to gold once again. In his view, only a select few assets like Bitcoin will earn global recognition and last in the long run.

Gensler’s comments come at a time when Bitcoin continues to be positioned as a digital store of value, while the broader altcoin space faces regulatory pressure and investor skepticism.

Altcoin vs Bitcoin 

Right now, the crypto market is in what’s called a Bitcoin Season, meaning Bitcoin is performing better than most altcoins. Bitcoin’s dominance is high at around 62.5%, which is close to a four-year record. Meanwhile, the Altcoin Season Index is at just 16, showing that only a small number of altcoins have outperformed Bitcoin in the last 90 days. Although Bitcoin is leading, history shows that strong BTC dominance often comes just before altcoins start rallying, so traders are keeping a close eye on the charts for any signs of a shift.

Never Miss a Beat in the Crypto World!

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

BitLemons ($BLEM) Set to Dominate 2025: Will Solana’s $244 Breakout and Bitcoin’s $126K Target Create the Perfect Storm?

The post BitLemons ($BLEM) Set to Dominate 2025: Will Solana’s $244 Breakout and Bitcoin’s $126K Target Create the Perfect Storm appeared first on Coinpedia Fintech News The crypto market

BNB Price Eyes Comeback: Can It Regain Momentum and Rally Higher?

BNB price is consolidating above the $665 support zone The price is now showing positive signs and might aim for more gains in the near term BNB price is attempting to recover from the $655 support

XRP Price to Hit New All-Time Highs Soon, Expert Says ‘It’s Realistic’

The post XRP Price to Hit New All-Time Highs Soon, Expert Says ‘It’s Realistic’ appeared first on Coinpedia Fintech News In a recent interview, David Siemer, CEO of Wave Digital Assets,

Luxury Watchmaker Franck Muller Debuts Timepiece With Built-In Solana Wallet

Luxury watchmaker Franck Muller has partnered Solana to launch a limited edition watch, the Franck Muller 41mm Solana Blending High Watchmaking With Web3 Swiss luxury watchmaker Franck Muller has

XRP Price Bounces Back — Can It Reclaim Key Resistance Levels?

XRP price started a consolidation phase above the $2250 zone The price is now rising and might aim for an upside break above $2350 XRP price started a decent increase above the $230 zone The price is

Blockchain Firm Explains Why Ethereum Price Can’t Hold Above $2,700

The Ethereum price is undoubtedly in a better place in recent weeks than it was in the year’s first quarter However, the “king of altcoins” appears to be stuck in a loop — one