The Steady Decline of Cryptocurrency & the Future of Miami

Miami, FL – August 3, 2022 – What impact will the recent “crypto-crash” have on Miami? Big plans to decentralize currency and trend towards a more crypto-friendly city by elected officials are looking uncertain: An overall market that was estimated to be worth more than $3tn barely six months ago is now worth less than $1tn.

The beginnings of the latest crypto boom could almost be compared to those of the “Dot-come bubble” in the early 2000s, in which investors placed massive funds towards Internet-based startups in the hopes that these small companies would soon turn a profit. However, only a select few — Amazon and eBay being the most notable — survived after the bubble burst.

Written by Raquel Martinez

Photos from the 2022 Bitcoin Conference held at the Miami Beach Convention Center. This year, the conference drew in over 25,000 people to Miami to celebrate the biggest Bitcoin event in the world.