• Cameron Winklevoss, co-founder of crypto exchange Gemini, believes the next crypto bull run will come from Asia.
• According to Chainalysis, Central & Southern Asia and Oceania (CSAO) was the third largest cryptocurrency market in its index for 2022.
• Winklevoss said governments who fail to offer clear rules and sincere guidance on crypto will be „left in the dust“ and miss out on „the greatest period of growth since the rise of the commercial Internet.“
Crypto’s Next Bull Run Will Come From The East
Gemini co-founder Cameron Winklevoss believes that the next crypto bull run will come from Asia, while America has two options — embrace crypto or be left behind.
Asia Is Already Established As A Crypto Market
According to Chainalysis, Central & Southern Asia and Oceania (CSAO) was the third largest cryptocurrency market in its index for 2022. Citizens from these areas received $932 billion in cryptocurrency value from July 2021 to June 2022. CSAO was also home to seven of the top 20 countries in 2022’s index: Vietnam (1), the Philippines (2), India (4), Pakistan (6), Thailand (8), Nepal (16), and Indonesia (20).
The US Needs To Embrace Crypto Or Be Left Behind
Winklevoss said that governments who fail to offer clear rules and sincere guidance on crypto will be „left in the dust,“ and miss out on „the greatest period of growth since the rise of the commercial Internet,“ adding: „And it will mean missing out on shaping and being a foundational part of the future financial infrastructure of this world (and beyond).“
The Benefits Of Early Adoption Are Clear
Winklevoss is encouraging governments around he world to embrace cryptocurrency now rather than later, as early adopters stand to benefit more than latecomers. He argued that those who adopt early can help shape future regulations, gain access to new markets, establish themselves as leaders in their industry before competitors do.
Conclusion
It is clear that Cameron Winklevoss believes that Asia is well positioned for a major crypto bull run. The US should take note or risk being left behind as other countries begin embracing blockchain technology.