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Winklevoss says Bitcoin’s next bull run will not be like 2017


The co-founder of the cryptocurrency Gemini is confident about Bitcoin’s next rise due to improvements in market infrastructure since 2017

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

Winklevoss wrote:

“The next Bitcoin bull race will be dramatically different. Today, there is exponentially more capital, human capital, infrastructure and high-quality projects than in 2017. Not to mention the very real spectrum of inflation that all fiduciary regimes face in the future. Get ready!”

In 2017, Bitcoin was still a relatively new concept for investors and remained virtually unregulated worldwide. Some countries have restricted or even banned use.

Now, in 2020, when the benefits of blockchain and cryptocurrency are being recognized in various sectors, many nations, such as the U.S., Dubai and countries in Europe, are regulating and encouraging the use of cryptocurrency.

The proper classification of assets by regulators and the adoption of cryptocurrency in the legacy banking infrastructure are likely to bring confidence to major investors. This shift in perception can help fuel the next bull run, streamlining its use in the regular economy.

Flexibility for investors

With appropriate laws and regulations in place, the development of cryptocurrency platforms has increased, creating new investment and trading options.

A recent example is the launch of a Bitcoin ETP actively managed on the Swiss SIX exchange by the investment company FiCAS. This allows consumers to make simple investments in Bitcoin with low rates and potentially high returns.

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

Trust provides a secure, zero investment in job encryption. THE Cointelegraph recently reported that the Grayscale Bitcoin Trust has more than $ 4 billion in assets under management.

Possible return to another rally

The general environment of crypto, with the combination of regulation, deregulation and suitable countries, encouraging the development of blockchain, will mean that the next bull run will be very different from 2017.

Leading investors may be more confident in deploying funds in cryptocurrencies – and that can constitute a large amount of marginal demand. Calls to Bitcoin drop to zero have decreased and there appears to be an increase in buying interest at the moment.

There are undoubtedly many more opportunities to profit from buying cryptocurrencies; especially considering the movements seen in other assets, such as gold.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.