According to Brett Harrison, these are the key factors that could potentially accelerate the cryptocurrency recovery
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Brett HarrisonPresident of FTX US, believe that The cryptocurrency market could recover faster if there is regulatory clarity, which will make traditional institutional investors more comfortable with the nascent asset class.
Furthermore, Harrison is confident that the stronger US crypto futures and options markets are to become more robust. This way, it will be possible to reduce volatility while making it easier for major firms to dip their toes into crypto.Finally, the FTX US chief is convinced that the approval of a physical bitcoin exchange-traded fund could supercharge another bull run. The US Securities and Exchange Commission has yet to approve such a product, despite the fact that such ETFs are already traded in Canada and Australia.
The world’s largest cryptocurrency bitcoin is trading slightly above the $20,000 level.
Earlier today, Arthur Hayes, former CEO of BitMEX warning That would be more short-selling.