Bulls from Asia – We barely seem to get out of the rough crypto winter of 2022, but some are already seeing the Bitcoin’s next bull run and cryptos. This is the case of Cameron Winklevoss, the co-founder (along with his twin brother Tyler) of the Gemini crypto exchange. On the other hand, he sees this new race of the bulls starting, not in the West, but at the level of the asian continent.
A new “unstoppable” bull cycle for Bitcoin?
THE bitcoin (BTC) price – and more broadly, the crypto-asset market – seems to have hit a bottom (market low) at the end of 2022. However, since the beginning of January 2023, the price of BTC has appreciated by +50% and is close to $25,000 at the time of this writing.
A beginning of optimism therefore seems to be taking over the cryptosphere, after very long months of gloom. Visions of Bitcoin’s next bull run are therefore increasing accordingly. The latest comes from Cameron Winklevosson Twitter. The co-founder of the Gemini exchange platform seems intimately convinced that the next bullish movement will come from Asia (and also that the West risks being left behind):
“My current thesis is that the next bull run is going to start in the East. It will be a humbling reminder that cryptocurrency is a global asset class, and that the West, primarily the United States, has only ever had two options: embrace it or be left behind. We can’t stop it. This we know. »
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The West’s regulatory procrastination will cause it to miss the train?
In Occidentthe only watchword concerning Bitcoin and crypto-assets is: “regulation”. The United States To the European Uniononly the installation of a regulatory yoke on the sector counts, even if it means sacrifice innovation. Moreover, while waiting for this interminable process, the actors are left in the vagueness of a total uncertainty.
On the side of asian countriessome pragmatism and an speed regulatory decision-making seems to have already put them on track for the next phase of crypto adoption.
“Any government that doesn’t provide clear rules and direction will be left in the dust. And quickly. This will mean missing out on the greatest period of growth since the rise of internet commerce.
And that will mean not being able to shape and be a fundamental part of the future financial infrastructure of this world (…)”
Cameron Winklevoss
And the words of Cameron Winklevoss are already echoing in the news. In fact, a short time ago, it is hong kong who inaugurated the world’s first tokenized green bond issue. A very clear local regulatory framework on Bitcoin and cryptos makes it possible to start digitalization on blockchain today (the “tokenization”) financial assets.
Cryptos and blockchain technology are still young and volatile sectors. Any investment involves risk. As a well-informed investor, have you done your own research and decided to take the plunge? Current prices are an opportunity to add a few satoshis to your wallet! To do this, register on eToro (commercial link).