SEC Chairman Gary Gensler said that Bitcoin and other cryptocurrencies are unlikely to be widely used as a means of payment. Speaking at NYU School of Law, Gensler said that cryptocurrencies will remain more of a store of value. Gensler emphasized that scams and frauds are common in the crypto world and argued that the current regulatory framework is sufficient. What role do you think cryptocurrencies will play in the future? Share your thoughts in the comments! 💬🔍