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Next Bitcoin Bull Run Will Be Different, Suggests Winklevoss

The founder of cryptoexchange Gemini Cameron Winklevoss has suggested that the next Bitcoin Bull run will be different. He precisely noted that their is much more substantially more capital, infrastructure, and better projects.

“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!,” he said.

According to some recent data, it hints at significant increase in the amount of capital held by investors in the cryptocurrency market.

A lot of cryptocurrency exchanges have also received more regulatory clarity, improving the infrastructure of the market.

Two metrics primarily show that more money could be involved in the latest Bitcoin rally. First, the market capitalization of Tether (USDT) has surpassed $10 billion. Second, the assets under management (AUM) by Grayscale Investments recently achieved a new high.

Tether (USDT) market capitalization hits $10 billion. Source: CoinMarketCap

To date, Tether is the biggest stablecoin in the cryptocurrency market. Investors, especially in countries with regulatory uncertainty, rely on the stablecoin to trade crypto assets. A rapid rise in the market cap of Tether could indicate more money is waiting to deploy on crypto exchanges.

Grayscale’s crypto-asset trusts are arguably the most widely-utilized investment vehicles by institutions to gain exposure to cryptocurrencies. Within the last quarter, the assets under management in Grayscale’s suite of products hit an all-time high at $5.1 billion.

Grayscale AUM reached $5.1 billion. Source: Grayscale

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.