As per Cameron Winklevoss, an American investor and co-founder of the Crypto exchange Gemini, the next bull run in Crypto will begin in Asia.
His remarks come amid increased enforcement action and impending crackdowns by US authorities, notably the Securities and Exchange Commission. The financial regulator has pursued everything from stablecoins to staking to Crypto custody, saying it violates securities regulations.
“It will be a humbling reminder that Crypto is a worldwide asset class & that the West, really the United States, always had two options: embrace it or be left behind.”
On Feb.19, Winklevoss said in a tweet, “My working thesis atm is that the next bull run is going to start in the East.” He further added, “It can’t be stopped. That we know.”
In his Twitter thread, he stated that governments who do not provide clear guidelines and real direction on Crypto will be “left in the dust,” missing out on “the biggest period of growth since the commercial Internet has risen.”
Winklevoss is not the first or last person to claim that the United States’ attitude to Crypto would force business abroad or that Asia will kickstart the next Crypto boom cycle.
Plans about Asian stablecoins
Analysts anticipate that an Asian stablecoin will also be launched during the next bull market cycle. China is especially eager to separate itself from the dollar’s hegemony.
In October 2022, Chinese government experts suggested a virtual currency based on a basket of Asian currencies.
