• Jacquelyn Melinek, TechCrunch senior crypto reporter, discussed the future of the crypto market with CNBC Market Alert.
• Retail investors are likely to stay away from the crypto market in 2023, but VC funds and big businesses are expected to continue investing.
• Re-building trust in the crypto ecosystem and creating a regulatory framework is necessary for the crypto market to move forward in 2023.
The past year has been a difficult one for the crypto market, and investors and other stakeholders in the sector have had to endure a lot of changes. Jacquelyn Melinek, the senior crypto reporter for TechCrunch, recently spoke with CNBC Market Alert about the future of the crypto market in 2023. She believes that retail investors will likely take a step back from investing in the crypto market next year, but that VC funds and big business will continue to invest in the sector.
In order for the crypto ecosystem to move forward in 2023, Melinek believes that trust needs to be rebuilt and that a regulatory framework needs to be created. She argues that traditional techniques used in traditional markets are no longer adequate, and that regulators need to step in to create a framework that is conducive to the growth of the crypto market.
Melinek’s outlook for the crypto market in 2023 is relatively optimistic, although it is clear that there is still much work that needs to be done in order for the industry to recover from the events of the past year. With the right framework in place and the trust of investors restored, the crypto market could have a more successful 2023.