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Former SEC Chairman Gary Gensler said in a recent Bloomberg interview that most cryptocurrencies are extremely risky and speculative. He emphasized that thousands of tokens lack real fundamentals and should be treated cautiously by investors. Gensler highlighted that Bitcoin is different, describing it as closer to a commodity from a regulatory standpoint. According to him, Bitcoin stands alone in terms of legitimacy, while the broader crypto market remains filled with uncertainty and high-risk assets.
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