Ex-SEC Chair Gary Gensler Says Bitcoin Driven By Sentiment, Not Fundamentals
Posted On April 17, 2025
Former SEC Chair Gary Gensler stated on Wednesday that Bitcoin (CRYPTO: BTC) is driven almost entirely by sentiment rather than fundamentals.
Reflecting on the cryptocurrency market, Gensler cautioned investors about the risks associated with assets lacking solid economic grounding, contrasting Bitcoin with thousands of other tokens.
What Happened: Speaking with CNBC, Gensler emphasized the speculative nature of the crypto market, noting its reliance on sentiment over tangible value.
“This field is almost 99 or maybe one might say 100% sentiment and very little on fundamentals,” he said, urging investors to carefully assess their personal risk when engaging with cryptocurrencies.
He …
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