Crypto collapse: FTX’s fall is one piece of a long, cold, contagious crypto winter
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Miami’s over crypto.
Just in time for Bitcoin 2023, the WSJ took a look at the state of play of crypto in Miami. Here’s what it found:
An NFT conference had fewer participants, relocated to smaller space. “Most of crypto was a pyramid scheme.” The residences that marketed themselves as accepting crypto no longer accept crypto after the fall of FTX. MiamiCoin is in the shitter. Miami’s venture fundraising is about 25 percent of what it was in last year’s first quarter. “This is not a free-flowing funding environment as it was before.”
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