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Crypto Flipping from America to Asia
- Gemini is expanding globally and operating in approximately 70 countries.
- The Winklevoss twins believe a "flippening" will occur, with the APAC and MENA regions surpassing the US as their largest market due to hostile US regulatory environments.
Crypto-Friendly Jurisdictions
- The Winklevoss twins highlight crypto-friendly jurisdictions like the UAE, Hong Kong, Singapore, London, Ireland, and the EU.
- They criticize the US for its hostile regulatory environment compared to the EU's streamlined licensing framework.
High Barriers to Entry in the US Crypto Market
- The Winklevoss twins describe the cumbersome US regulatory process, requiring licenses in nearly every state, creating high barriers to entry for crypto startups.
- They compare this to the origins of tech giants like Facebook and Google, which emerged from garages and dorm rooms with lower barriers.