Farcaster

Gensler also contributes to the "dilution" of gold's value in favor of BTC:

"BTC is a highly speculative asset, but 7 billion people want to trade it. Just like we've had #gold for 10,000 years, now we have BTC."

Many Wall St giants are actively building up the narrative of BTC's superiority over gold

Bitcoin's rise as a store of value is reshaping the traditional narrative around gold. With increasing interest from institutional investors and the general public, BTC is emerging as a compelling alternative to gold. Gensler's acknowledgment of this shift highlights the evolving landscape of wealth preservation and investment options.