For some time now, US regulators, like the SEC, have been waging a crackdown on crypto. For many analysts, this repression risks slowing down the adoption of the new industry in the United States. American investor Cameron Winklevoss gave his opinion on the subject on February 19, on Twitter. The co-founder of the Gemini exchange explained that Asia seems more likely to stimulate the next crypto bull run. Find out why.
Asia Proves More Crypto Friendly Than America
The Gemini co-founder recently explained that the West does not favor the rise of crypto unlike the East. In this context, he said the next bull run will start in the East. This would then remind the United States that crypto has a global reach. In this case, they either adopt it or they lag behind, missing the opportunities that this technology offers.
Cameron Winklevoss clarified that crypto development cannot be stoppedso it is better to adapt.
“Any government that does not offer clear rules and sincere advice will be left behind. Quickly. It will mean missing out on the greatest period of growth since the rise of the commercial Internet.», highlighted the co-founder of Gemini. Winklevoss clarified what it means for the United States to be left behind. He stated : “It would mean not being able to shape and be a fundamental part of the future financial infrastructure of this world (and beyond)“.
Several other actors deplore the strategy of the United States
Many crypto players agree with the co-founder of Gemini. They think the US approach to crypto is not adequate. Brian Armstrong, CEO of Coinbase, asserted tough measures by US regulators could scare crypto players overseas.
Additionally, on January 8, an independent market analyst made a similar prediction to Winklevoss. He concretely predicted that “China (and Asia in general) will fuel the next bull run“. He added : “It will take some time to melt Western cynicism about this space, but the East is rising and yearning to bend.“.
Arguably, it is impossible to know for sure whether or not the next crypto bull run will come from the East. However, current market conditions seem to indicate that it will. It must be said that this region is characterized by an increased adoption of cryptos and the presence of large exchanges. We also note the recent increase in institutional interest and the launch of several innovative crypto projects.
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