Bitcoin
BTC
The bitcoin price surpassed $25,000 per bitcoin, up 50% from the beginning of the year, helping to boost the ethereum price and adding over $100 billion to the combined crypto market—including BNB
bnb
XRP
Now, co-founder of Bitcoin and Gemini cryptocurrency exchange Cameron Winklevoss of Facebook founder fame has issued a “bullish run” price prediction:warning that the US can "embrace [crypto] or stay behind."
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The bitcoin price is up 50% since the beginning of 2023, driving the price of ethereum, BNB, XRP, ... [+]
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"My work thesis [at the moment] is that the next bull run will start in the East," Winklevoss, who founded New York-based bitcoin and cryptocurrency exchange Gemini with his twin brother Tyler, aware to Twitter.
Bitcoin's last bull run turned into a bitter crypto winter in late 2021, with the bitcoin price plunging to less than $16,000 per bitcoin from a peak of nearly $70,000. The combined crypto market, which hit $3 trillion in November 2021, lost $2 trillion in value in just 12 months.
Cameron Winklevoss made his bitcoin price prediction of the "next bull run" just hours before Hong Kong's securities regulator announced plans to allow retail investors to trade bitcoin, ethereum and other major cryptocurrencies later this year. under a new cryptocurrency exchange license regime.
Meanwhile, US regulators are cracking down on bitcoin, ethereum, cryptocurrencies and crypto companies in the wake of last year's FTX crash that shocked the crypto market.
The US Securities and Exchange Commission (SEC) has been accused of waging war against bitcoin and crypto by disconnect the banking industry, branded "Operation Choke Point 2.0."
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The bitcoin price has risen again from its recent lows this year, but remains well below its 2021 peak. ... [+]
Forbes Digital Assets
“Any government that does not offer clear rules and candid guidance will be left behind. Quickly," Cameron Winklevoss said.
"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 critical part of the future financial infrastructure of this world (and beyond)."
Last week, Singapore-based DBS revealed that its cryptocurrency trading volume has nearly doubled by 2022.
"The increase in trading volume on the DBS digital asset platform is a reminder that any government, including the US, that does not provide clear guidance could be left behind in the fourth industrial revolution," Marcus Sotiriou , a market analyst at digital asset broker GlobalBlock. he wrote in an emailed note.
