According to a Cointelegraph report, Cameron Winklevoss, the American investor and co-founder of the Gemini exchange, the next bull run in the cryptocurrency market will begin in Asia. His remarks came as American authorities, notably the Securities and Exchange Commission, stepped up enforcement actions and threatened crackdowns. On February 19, Winklevoss tweeted, “My working theory is that the next bull run is likely to start in the East.” Winklevoss asserted on Twitter that governments would be “left in the dust”. [also, they would] miss out on “the greatest period of growth since the birth of the commercial Internet” if they don’t provide clear regulations and real direction on cryptocurrencies. Additionally, He continued: “And it will mean missing out on shaping and being a foundational part of the future financial infrastructure of this world (and beyond).”
In its index for 2022, Chainalysis ranked Central & Southern Asia and Oceania (CSAO) as the third-largest cryptocurrency market. From July 2021 to June 2022, residents of these regions got $932 billion in cryptocurrency worth. In addition, seven of the top 20 nations in the index for 2022 were located in the CSAO: Vietnam (ranked #1), the Philippines (ranked #2), India (ranked #4), Pakistan (ranked #6), Thailand (ranked #8), Nepal (16), and Indonesia (20).
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