Gemini co-founder Cameron Winklevoss has a theory about the location of where the next crypto bull run will kick off.
Winklevoss says that his working thesis is that the next crypto bull run will not start in the US.
“My working thesis at the moment 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.
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).”
Cameron Winklevoss’ twin brother, Tyler, the other co-founder of Gemini, announced on Twitter last Friday that the U.S. Securities and Exchange Commission (SEC) proposed rules on custody that recognizes Gemini Trust Company as a qualified custodian.
“Investor protection is paramount to the continued growth of crypto markets. We appreciate this public rulemaking and Gemini will share additional thoughts during this process.
This is a good step forward, however, further clarity and guidance is needed from regulators in order to help our industry emerge from crypto winter stronger than ever.”
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