One of the crypto exchange Gemini co-founders claims that if the US "government doesn't offer clear rules <...>, it will be left in the dust."
Cameron Winklevoss, an American cryptocurrency investor and a co-founder of cryptocurrency exchange Gemini, predicts that the next crypto bull run will start in the East.
According to the Twitter thread shared on February 19th, it will be a “humbling reminder” to the West that crypto is a “global asset class” and “it can’t be stopped.”
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It can be assumed that the comments from Gemini’s co-founder come in the wake of increased regulatory action by US authorities. It is worth noting that last week, the US Securities and Exchange Commission (SEC) and the New York Department of Financial Services (NYDFS) took action against stablecoin issuer Paxos.
In his Twitter thread, Winklevoss highlighted that US regulators have only two options when it comes to cryptocurrencies: “embrace it or be left behind.” On top of that, Cameron Winklevoss added:
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. And it will mean missing out on shaping and being a foundational part of the future financial infrastructure of this world (and beyond).
Gemini co-founder is not the only person predicting that Asia will play a vital role in the next crypto growth cycle. At the beginning of the year, an independent market analyst, dubbed GCR, used Twitter to state that “China (and Asia in general) will fuel the next run.”
On top of that, a former chief executive officer (CEO) of BitMEX, Arthur Hayes, shared a similar prediction in October 2022. At that time, the man highlighted that the next bull run would likely begin when China returns to the crypto market, with Hong Kong playing a key role in this process.
