Ex-SEC Chair Gary Gensler Predicts Bitcoin’s Longevity Amid Altcoin Decline
Former SEC Chair Gary Gensler has made a bold prediction about the future of cryptocurrencies, stating that Bitcoin will endure while most altcoins will not. His comments come amid significant regulatory shifts in the U.S. under President Donald Trump’s administration. This article delves into Gensler’s insights and the evolving landscape of cryptocurrency regulation in 2025.
Ex-SEC Chair Gary Gensler Predicts Future of Bitcoin and Altcoins
Throughout 2025, cryptocurrency market regulation has been a focal point for many nations, including the United States. The arrival of US President Donald Trump has shifted the nation’s stance toward the industry. Now, ex-SEC Chair Gary Gensler has spoken out, stating that Bitcoin will last, while most altcoins won’t. Gensler, who was once the face of the US Securities and Exchange Commission (SEC) that greatly opposed the industry, still holds this stance regarding its future prospects despite the shift to a more pro-crypto regime in the nation.
Bitcoin (BTC) Holds Tight Range As Whales Ease Exposure
Bitcoin (BTC) has been trading in a tight range between $83,000 and $86,000 over the past five days, showing signs of indecision. The number of whale wallets holding between 1,000 and 10,000 BTC has declined slightly, dropping from 2,015 to 2,010, suggesting a potential shift in sentiment among large holders. Technically, BTC remains in a consolidation phase with weak EMA signals and mixed Ichimoku readings.
CME Bitcoin Futures Show Diverging Trends
CME Bitcoin futures positions indicate a changing landscape with asset managers reducing Bitcoin exposure. Following a crypto-friendly US president’s election, Bitcoin hit a record $109,300 in Q1 but has since retreated to around $85,000 due to macroeconomic pressures. CryptoQuant’s analysis revealed significant shifts in market positioning, with asset managers and other participants showing diverging behaviors. Asset managers, who peaked at $6 billion in net long positions late 2024, have since trimmed their positions, potentially signaling caution or profit-taking after a strong run.
Bitcoin Reclaims Key Support and Breaks Trendline
Bitcoin has broken above a multi-month descending trendline, renewing interest among traders. The breakout shifts focus to the $84,000 level as support. Recent chart analysis highlights that Bitcoin successfully breached a long-standing downward trendline that had previously acted as resistance. The $88,000 resistance zone is eyed for a bullish structure break, with the 4h 200EMA flipped to support. The monthly chart holds the macro uptrend, with $68K–$70K remaining critical support.
Bitcoin’s wild swings curb as ETFs become key buyers: Can the calm last?
Bitcoin ETFs have shown steady inflows this year, with IBIT leading the pack at over $2.4 billion YTD. Strong ETF participation adds to the reduction of long-term volatility. Bitcoin has found stability as ETFs absorb sell-side pressure, with U.S. spot Bitcoin ETFs experiencing positive, steady inflows over the past month and YTD. Leading the charge is BlackRock’s IBIT, placing it among the top 1% of all ETFs YTD. These inflows highlight strong institutional and retail demand for Bitcoin, even amid market volatility and skepticism.
Binance Advising Countries on Bitcoin Reserve Initiatives
Binance, the world’s largest crypto exchange, has reportedly engaged with several countries to advise them on creating a strategic Bitcoin reserve. According to The Financial Times, Binance CEO Richard Teng disclosed in a recent interview that the exchange has received approaches from several governments and sovereign wealth funds interested in establishing their own crypto reserves. Teng declined to mention specific countries but confirmed that discussions are ongoing.
