Crypto Market in 2023: Rebuild Trust to Get Its Mojo Back

Bullet Points:
• Jacquelyn Melinek of TechCrunch talked to CNBC Market Alert about the future of the crypto market in 2023.
• Retail investors may sit out of the crypto market in 2023, with VC funds continuing to invest.
• Trust needs to be rebuilt in the crypto ecosystem in order to „get its mojo“ back.

Article:
As the year 2022 comes to a close, many people are looking ahead to what 2023 may bring for the crypto market. Jacquelyn Melinek, a senior crypto reporter for TechCrunch, recently spoke to CNBC Market Alert about the future of the crypto space in 2023.

Melinek believes that retail investors may sit out of the crypto market in 2023, especially those who have seen the industry changing events such as Terra’s collapse. However, she also noted that there are still true believers in the space who will continue to be there in 2023. In terms of who will be the main investors in crypto in 2023, Melinek believes that VC funds aren’t going to stop investing due to what happened with FTX, and that we will continue to see big brand businesses like Starbucks getting into the space.

In order for the crypto ecosystem to „get its mojo“ back, Melinek believes that trust needs to be rebuilt 100%. She noted that regulators need to step in and create a framework instead of using traditional market techniques. This would help to restore trust in the crypto space and pave the way for a more successful 2023.

Overall, Melinek believes that the future of the crypto market in 2023 is uncertain, but that there is still potential for the space to grow and thrive. With trust needing to be rebuilt and the right framework in place, the crypto market can continue to make strides in the coming year.