INFOVENTURENETWORKS

  Introduction In the last couple of days, the cryptocurrency market has witnessed significant turbulence due to regulatory actions by the SEC against major exchanges like Binance and Coinbase. This development initially caused panic in the market, but surprisingly, Bitcoin has shown resilience by bouncing back. In this article, we will explore the reasons behind this rebound and discuss why Bitcoin remains an attractive investment option amidst regulatory challenges. Keyword: Bitcoin The SEC's Stance and Gary Gensler's Remarks: During an appearance on Squawk Box, Gary Gensler, the chairman of the SEC, shared his perspective on the regulatory actions against crypto exchanges. When asked if he considered most cryptocurrencies to be worthless, Gensler implied that digital currencies like the US dollar and the Chinese yuan already serve the purpose of a currency. This statement raised eyebrows, as it suggested a bias against cryptocurrencies. Instead of solely focusing on invest...