• Gemini co-founder Cameron Winklevoss believes that the next crypto bull run will come from Asia.
• US regulators recently made a number of rules that are seemingly less than favorable for US investors.
• According to recent data, the CSAO region received $932 billion in digital asset value between July 2021 and June 2022.
Gemini Co-Founder Predicts Next Crypto Bull Run Will Come From Asia
Cameron Winklevoss, one of the co-founders of the United States cryptocurrency exchange Gemini, believes that the next crypto bull run will come from Asia. He recently posted a tweet saying as much, noting that it is a “global asset class” and that any government not offering clear rules and guidance will be left behind.
Crypto Regulations in US Cause Concerns
In light of recent crypto crackdowns in the United States, many fear that a new bull run won’t happen anytime soon. This concern has been further fueled by US regulators who have made several rules which are unfavorable for American investors. Consequently, there is a concern among some that US investors could miss out on what could turn out to be an unprecedented period of growth in the cryptocurrency industry since its emergence.
CSAO Region Booms with Crypto Value
Recent data from Chainalysis shows how Central & Southern Asia and Oceania (CSAO) has become one of the most important markets for cryptocurrencies. In fact, between July 2021 and June 2022 this region received nearly $1 trillion in digital asset value, making it the third largest market according to Chainalysis‘ index for 2022. The area is home to seven major exchanges where individuals can buy and sell cryptocurrencies such as Bitcoin or Ethereum with ease and convenience.
Asia Poised For Big Impact On Cryptocurrency Markets
Given these figures and developments it appears as though Asian countries may have a big impact on future movements within cryptocurrency markets around the world – particularly if they continue to develop their own regulations pertaining to trading activities taking place within their jurisdictions. As such, it would seem prudent for Western countries like those found in Europe or North America to take note of what is happening over there rather than attempting to impose their own regulations which may ultimately prove ineffective or outdated compared with those found elsewhere in the world.
Conclusion
It remains unclear exactly when or how this potential movement will take shape but it does appear likely that Asian countries could be at the heart of another significant surge within global cryptocurrency markets at some point down the line – potentially even before conditions become more favourable back home here in Europe or North America again sometime soon!