Gensler Declares Bitcoin the King, Calls Other Cryptos “Risky Nonsense” 🍿

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What ho, old bean! Former SEC chap Gary Gensler, in a recent chinwag with Bloomberg, let rip about the crypto world, declaring most of it to be as stable as a one-legged stool on a slippery deck. 🌪️ He went on to say that thousands of these so-called tokens are about as solid as a snowman in July, and investors ought to handle them with the care of a fellow juggling nitroglycerin. 😱

But hold onto your top hat, because Gensler didn’t stop there! He singled out Bitcoin, old sport, as the one crypto that’s not entirely up the creek without a paddle. According to him, it’s more like a commodity, you see, and not just some digital doodad. 🎩 Bitcoin, he says, stands alone in the legitimacy stakes, while the rest of the crypto circus is a high-wire act without a net. 🤡

So, there you have it, chums. Bitcoin: the only crypto that doesn’t make Gensler’s eyebrows shoot up like a pair of startled caterpillars. 🦋 The rest? Well, they’re about as reliable as a weather forecast from a drunken weatherman. 🌧️ Cheers! 🥂

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2025-12-03 09:07