Gemini co-founder says that the next crypto bull run will come from Asia

Updated: 20 February 2023

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With the latest crypto crackdown in the United States, many believe that a new crypto bull run will not happen anytime soon. However, Cameron Winklevoss, one of the co-funders of the US crypto exchange Gemini, said believes that the crypto industry doesn’t need a favorable situation in the US in order to start a new rally.

In fact, Winklevoss believes that the next bull run will come from Asia. He recently posted a tweet that said as much. “My working thesis atm is that the next bull run is going to start in the East. It will be a humbling reminder that crypto is a global asset class and that the West, really the US, always only ever had two options: embrace it or be left behind. It can’t be stopped. That we know.”

My working thesis atm is that the next bull run is going to start in the East. It will be a humbling reminder that crypto is a global asset class and that the West, really the US, always only ever had two options: embrace it or be left behind. It can't be stopped. That we know.

— Cameron Winklevoss (@cameron) February 19, 2023

He proceeded to say that any government that does not offer clear rules and sincere guidance will be left in the dust, essentially warning the US regulators, which recently made a number of rules that are seemingly less than favorable for US investors. Cameron Winklewoss believes that proceeding with the current course of action could lead American investors to missing out on the greatest period of growth since the rise of the internet.

Any government that doesn't offer clear rules and sincere guidance will be left in the dust. Quickly. This will mean missing out on the greatest period of growth since the rise of the commercial Internet.

— Cameron Winklevoss (@cameron) February 19, 2023

According to recent data on Chainalysis, the CSAO (Central & Southern Asia and Oceania) region ended up being the third largest crypto market in Chainalysis’ index for 2022. Crypto investors from the region received $932 billion in digital asset value between July 2021 and June 2022.

This region is also a home to as many as seven of the top 20 nations in 2022 index, including Vietnam, the Philippines, India, Pakistan, Thailand, Nepal, and Indonesia.

The US will be left behind if it continues to hinder crypto

The region is progressing rapidly in terms of crypto adoption and regulatory clarity, which, according to Cameron Winklevoss, is crucial in order to remain relevant in the coming crypto future.

Of course, he is not the first, and he won’t be the last to suggest that the approach that the US has chosen will only make the country irrelevant once the rest of the world adopts the new financial technology. While the US is rejecting digital assets, Asia is rapidly adopting them, which is why the new developments in the East will likely kick off the new crypto bull run.

Brian Armstrong, the CEO of Coinbase, also criticized the recent regulatory moves, stating that the SEC’s decisions could drive crypto businesses offshore. A market analyst known as GCR on Twitter said that China, and Asia, in general, will fuel the next bull run back in early January.

There were even earlier predictions that said the same, such as the October prediction by BitMEX CEO Arthur Hayes.

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