{"id":6715,"date":"2025-01-08T20:35:35","date_gmt":"2025-01-08T20:35:35","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=6715"},"modified":"2025-01-08T20:35:35","modified_gmt":"2025-01-08T20:35:35","slug":"gary-gensler-says-10000-15000-projects-wont-survive-crypto-market-is-wrapped-up-in-sentiment","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=6715","title":{"rendered":"Gary Gensler Says 10,000-15,000 Projects Won&#8217;t Survive, Crypto Market Is &#8216;Wrapped Up In Sentiment&#8217;"},"content":{"rendered":"<div>\n<p><a href=\"https:\/\/www.benzinga.com\/government\/regulations\/24\/11\/42120607\/gary-gensler-to-step-down-as-sec-chair-on-trumps-inauguration-day\">Outgoing SEC Chair<\/a> <strong>Gary Gensler<\/strong> on Wednesday warned of the highly speculative nature of the cryptocurrency market, saying the vast majority of the 10,000-15,000 existing crypto projects \u201cwill not survive.\u201d\u00a0<\/p>\n<p><strong>What Happened: <\/strong>In an <a href=\"https:\/\/www.youtube.com\/watch?v=zO_omz8R_RM\">interview<\/a> with Bloomberg, Gensler said he has been\u00a0around finance for over four decades, and everything in the markets trade on a mixture of fundamentals and sentiment at any given time.<\/p>\n<p>\u201cI\u2019ve never seen a field that\u2019s so much wrapped up in sentiment and not so much about fundamentals,\u201d he said and added, \u201cthese 10,000 to 15,000 projects (which are in the crypto market), many of them will not survive,\u201d comparing them to high-risk venture capital investments that are likely to fail.<\/p>\n<p>Gensler&#8217;s comments reflect his long-held view that the crypto market is rife with speculation, <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41278873\/gary-gensler-doubts-cryptocurrency-future-says-leading-figures-are-either-in-jail-or-await\">scams &#8230;<\/a><\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/01\/42885028\/gary-gensler-says-10000-15000-projects-wont-survive-crypto-market-is-wrapped-up-in-sentime\" alt=\"Gary\" gensler says projects won survive crypto market is up in sentiment>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Outgoing SEC Chair Gary Gensler on Wednesday warned of the highly speculative nature of the cryptocurrency market, saying the vast majority of the 10,000-15,000 existing crypto projects \u201cwill not survive.\u201d\u00a0 What Happened: In an interview with Bloomberg, Gensler said he has been\u00a0around finance for over four decades, and everything in the markets trade on a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-6715","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/6715","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6715"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/6715\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}