Gemini co-founder: Crypto's next bull run will start in Asia
Cameron Winklevoss, an American investor and co-founder of the cryptocurrency exchange Gemini, predicts that Asia will be the beginning of the next bull run for cryptocurrencies.
His remarks came at a time when authorities in the United States, particularly the Securities and Exchange Commission, were ramping up their enforcement actions and threatening to clamp down even more.
In a tweet he sent on February 19, Winklevoss said, «My working thesis at the moment is that the next bull run is going to start in the East.»
«It will serve as a sobering reminder that crypto is a global asset class, and that the West, and more specifically the United States, has always had only only had two options: embrace it, or be left behind,»
«There is no way to stop it. That is a fact,» he went on to say.
Chainalysis found that the cryptocurrency market in Central and Southern Asia and Oceania (CSAO) was the third biggest market in its index for 2022. Between July 2021 and June 2022, residents of these regions were compensated with a total value of $932 billion worth of bitcoin.
CSAO was also home to seven of the top 20 nations in 2022's index, including Vietnam (which ranked first), the Philippines (which ranked second), India (which ranked fourth), Pakistan (which ranked sixth), Thailand (which ranked eighth), Nepal (which ranked sixteen), and Indonesia (20).
In a thread on his Twitter account, Winklevoss stated that governments that fail to offer clear rules and sincere guidance on cryptocurrencies will be «left in the dust» and will miss out on «the greatest period of growth since the rise of the commercial Internet.» He also stated that these governments will also miss out on the opportunity to shape and be a
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