The next bull run will be very different for Bitcoin says Winklevoss

The next bull run will be very different for Bitcoin says Winklevoss 1

The co-founder of the Gemini crypto exchange is confident about Bitcoin’s next bull run due to improvements to market infrastructure since 2017

In a recent tweet on his personal account, Cameron Winklevoss suggested that the next bitcoin bull run will be very different due to the advancements in infrastructure and the vastly different environment from that of 2017.

Winklevoss wrote:

“The next Bitcoin bull run will be dramatically different. Today, there’s exponentially more capital, human capital, infrastructure, and high-quality projects than in 2017. Not to mention the very real specter of inflation that all fiat regimes face going forward. Buckle up!”

In 2017, Bitcoin was still a fairly new concept to investors and remained largely unregulated across the world. Some countries restricted or even prohibited the use of it.

Now, in 2020, when the benefits of blockchain and crypto are being recognised across multiple industries, many nations, such as the US, Dubai and countries in Europe, are regulating and encouraging the use of cryptocurrency.

Proper asset classification by regulators and the adoption of cryptos into legacy banking infrastructure will likely bring confidence to mainstream investors. This shift in perception may help to fuel the next bull run, streamlining its use in the regular economy.

Flexibility for investors

With proper laws and regulations in place, the development of crypto platforms has increased, creating new options for investment and trading.

A recent example is the release of an actively managed Bitcoin ETP on Switzerland’s SIX exchange by the investment firm FiCAS. This allows consumers to conduct simple Bitcoin investments with low rates and potentially high returns.

A well-known alternative for institutional investors is Grayscale’s Bitcoin Trust.

The trust provides a secure and zero work crypto investment. Cointelegraph recently reported that the Grayscale Bitcoin Trust holds more than $4 billion in assets under management.

Possible return for another rally

The overall crypto environment, with the combination of proper regulation, deregulation and countries providing encouragement in blockchain development, will mean the next bull run is very different to 2017.

Mainstream investors may be more confident in deploying funds into cryptos — and this could constitute a large amount of marginal demand. The calls for Bitcoin to fall to zero have subsided and there seems to be an uptick in buying interest at the moment.

There are, without doubt, many more opportunities to profit from buying cryptos; especially given the movements seen in other assets like gold.

About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

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CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin48,110 1.38 % 3.01 % 15.95 %
Ethereum4,061.3 1.94 % 4.02 % 5.33 %
Binance Coin538.30 1.88 % 6.04 % 11.96 %
Tether0.9986 0.03 % 0.08 % 0.23 %
Solana185.07 3.57 % 8.46 % 7.68 %
Cardano1.300 2.81 % 6.76 % 18.44 %
USD Coin1.000 0.14 % 0.20 % 0.17 %
XRP0.7713 2.44 % 8.49 % 20.22 %
Polkadot30.87 2.19 % 17.29 % 10.73 %
Terra61.58 2.07 % 18.22 % 23.23 %

bitcoin
Bitcoin (BTC) $ 48,248.00
ethereum
Ethereum (ETH) $ 4,088.11
binance-coin
Binance Coin (BNB) $ 543.20
tether
Tether (USDT) $ 0.998177
solana
Solana (SOL) $ 187.78
cardano
Cardano (ADA) $ 1.31
usd-coin
USD Coin (USDC) $ 0.99803
xrp
XRP (XRP) $ 0.775395
polkadot
Polkadot (DOT) $ 26.28
terra-luna
Terra (LUNA) $ 61.75