This is how the crypto market could recover faster, according to Brett Harrison, president of FTX US

Alex Dovbnya

These are the key factors that could potentially accelerate cryptocurrency recovery, according to Brett Harrison

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the views of U.Today. Every investment and all trading involves risk, so you should always do your own research before making any decisions. We do not recommend investing money that you cannot afford to lose.

Brett Harrison, President of FTX US, believes that the cryptocurrency market could recover faster if there is regulatory clarity, which would make traditional institutional investors more comfortable with the nascent asset class.

In addition, Harrison believes that robust US crypto futures and options markets need to become more robust. In such a way, it would be possible to reduce volatility and make it easier for large companies to dip their toes into crypto.

Finally, the head of FTX US is confident that the approval of a physical Bitcoin exchange-traded fund could spur another bull run. The US Securities and Exchange Commission has not yet given the green light for such a product, despite the fact that such ETFs are already traded in Canada and Australia.

Bitcoin, the world’s largest cryptocurrency, is trading slightly above the $20,000 level.

Earlier today, Arthur Hayes, former CEO of BitMEX warned that there would be more short-selling.

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