Former SEC Chair Gary Gensler expressed confidence in Bitcoin's longevity, suggesting that it could flourish for an extended period due to widespread global interest. However, he cautioned that most alternative coins might not survive long term due to their weak foundations.

Gensler, who led the SEC from 2021 to 2025, stressed that Bitcoin's enduring appeal is rooted in its broad popularity worldwide, stating that its continued existence is likely due to the significant interest it garners from the global population.

During his tenure, Gensler spearheaded rigorous cryptocurrency regulation efforts, initiating enforcement actions against various exchanges and token issuers. Despite refraining from directly addressing the dismissal of these cases, he highlighted the overarching trends in the crypto market.

Gensler emphasized the importance of evaluating asset risk diligently, focusing on a project's fundamentals rather than sentiment. He warned that assets primarily driven by sentiment are unsustainable and likely to depreciate over time.

Drawing parallels with precious metals, Gensler implied that Bitcoin occupies a unique position that sets it apart from other cryptocurrencies. He believes that the majority of cryptocurrencies, especially those influenced by trends and social sentiment, lack sufficient substance to sustain long-term interest, contrasting Bitcoin as an exception.

Gensler's comments resonate with his earlier sentiments regarding Bitcoin's stability and long-term potential, despite acknowledging its volatility. He underscored that while Bitcoin may endure akin to precious metals like gold, many other cryptocurrencies face challenges in gaining widespread acceptance.