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Cameron Winklevoss: The next growth of the crypto market

Tuesday, 21 February 2023

Cameron Winklevoss | Co-founder of the Gemini exchange

Cameron Winklevoss, co-founder of the Gemini exchange, predicts that the next growth of the cryptocurrency market will begin in the East. At the same time, the United States may still be left behind if it does not accept cryptocurrency.

My working thesis atm 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.
— Cameron Winklevoss (@cameron) February 19, 2023

Against the backdrop of increasing pressure from US regulators on digital asset market participants and possible reprisals against leading industry players, Cameron Winklevoss said that the United States could become an outsider if the government does not accept crypto assets.

According to Cameron Winklevoss, East Asian players are building up their potential, including through cryptocurrency companies that leave the US due to an unfriendly atmosphere. In his opinion, government support for innovation in the Asian crypto market lays the foundation for a new growth of the industry, but without the participation of America.

"My working thesis atm 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,"
Winklevoss tweeted.

Earlier, Coinbase CEO and co-founder Brian Armstrong said that unreasonably strict actions of US regulators could force players of the national crypto business to leave the country.