• Cameron Winklevoss, one half of the Winklevoss Twins, believes a big crypto bull run is on the horizon.
• 2022 was an incredibly difficult year for crypto, with BTC dropping 70% of its value.
• The U.S. needs to begin embracing crypto more and create clearer regulations in order to keep up with other countries such as Hong Kong.
Cameron Winklevoss: A Big Crypto Bull Run Is Coming
Bitcoin Experiencing Solid Bull Runs
After the horrors of 2022, Bitcoin, Ethereum and many other leading digital currencies are experiencing solid bull runs. Cameron Winklevoss – one half of the Winklevoss Twins – is claiming that a big bull run is heading our way and that the U.S. needs to embrace crypto or risk being left behind forever.
Worst Year On Record for Bitcoin
In 2021, Bitcoin rose through the ranks to hit a new all-time high and at one stage was trading for just under $69,000 per unit; however by the end of 2022 it had fallen to mid-$16K range thus losing more than 70 percent of its overall value. Other forms of crypto followed in BTC’s footsteps and this resulted in an overall loss of around $2 trillion in valuation among investors with their digital wallets drained over 12-13 months.
2023 Has Been Different
2023 has been relatively different; recently bitcoin hit the $25K mark which is its highest point in six months and many believe that this could be evidence that we are once again entering bullish trends likely leading to a massive rally in coming months like Cameron Winklevoss has stated: “My working thesis [at the moment] is that the next bull run is going to start in the east” .
Hong Kong Exchanges Could Lead The Way
The sentiment appears to be based on reports that Hong Kong’s securities regulator is looking into allowing retail investors to trade BTC, ETH, and several other digital currencies under a new licensing regime which could come into effect soon – something China has been against for over a year now. This could lead America having missed out on opportunities if they don’t start creating clearer regulations surrounding cryptocurrency soon according to Cameron who said “Any government that doesn’t offer clear rules risks having people take their money elsewhere… We don’t want people leaving our country because they feel they can’t access these digital assets or invest safely.“
Conclusion
: It appears we are entering another bullish period following last years painful losses but whether this trend will continue depends heavily on how governments around the world respond when it comes to embracing digital currencies as well as providing clear regulations which allow investors safety whilst trading them
