Thousands of people come to Miami to praise Bitcoin

MIAMI – There was money in the air. Buzzwords like NFT, BTD, blockchain, and tokens have flown everywhere. There was an enthusiastic energy.

And there was a fever – a sticky, wet fever in South Florida. All Californians and New Yorkers immigrated to Miami A slowdown was announced during the pandemic winter. A type produced by thousands of people gathered on the altar of cryptocurrencies.

The atmosphere of Bitcoin 2021 was just like that. magazine Named after the cryptocurrency. Last year’s event has been postponed. But on Friday and Saturday, at least 12,000 people landed in Miami to make up for lost time, flocking to the world’s largest Bitcoin conference and the first major face-to-face trade conference since the start of the pandemic.

For the first time in over a year, the excitement of meeting face-to-face indoors and in crowds was electric. No one wore a mask and kissed. Money was compressed between digital wallets. Souvenirs from the conference included neon fanny packs, festival bracelets and Lamborghini cars. The jargon – stablecoins, peer-to-peer, private keys – has leaked. Alcohol too.

For several days the city has been a burning fireball of finance, technology, joyous lawlessness, immense wealth and desperate endeavor. Bitcoin 2021 heralded a pandemic setback with the comfy, user-friendly and mundane elements of a business conference, including branded plastic sunglasses, brightly colored sponsor stands, straps and panels. There were also occasional attendees. Others seemed ready for the music festival. One was wearing a hairy rave bikini.

It was another sign that the often ridiculous world of digital currencies is slowly moving towards mainstream acceptance, or at least mainstream curiosity. Bitcoin has gone crazy since the end of last year. But, Price recording parametersEven the dramatic drop from $ 64,000 to $ 36,000 in April did not weaken the spirit. These are BTDs – buy dips. Wall Street banker, institutional investor and Republican Senator from Wyoming Cynthia Lummis, Everyone came to Miami.

Was everyone there to revolutionize the global financial system, or just to get richer?

Some attendees said the event caused catharsis and signaled that the pandemic was truly over. Friday morning, a queue to enter the site of a warehouse and an outdoor site called Mana Winewood. Growing more than a mile. It was the busiest of the year.

Others were just there to party. The bar opened quickly and had as many users as the coffee station.

There was a reason I was in Miami instead of New York or San Francisco or Los Angeles. The city has become a complete cryptocurrency.

Bitcoin ATMs are scattered throughout the Winwood area. Cryptocurrency exchange called FTX Recently I bought the naming rights for the Miami Heat Arena. Miami Mayor Francis Suarez Announced this year The city accepted the cryptocurrency tax payments and suggested that employees consider using them to collect wages and keep some of it on their balance sheets. (The logistics of these announcements are Still in search..)

After 9 a.m. on Friday, as large numbers of people rushed into an air-conditioned warehouse, the conference organizer introduced Suarez as “arguably the most irresponsible politician and mayor of the Freedom Mecca to the United States. United States”. Did.

Suarez said rebelliously. “I am here to tell all enemies and all suspects that this is an exercise, not a moment,” he said. The crowd was seething with whistles and cheers. T.

Moiche Mana, the real estate mogul who owns the place, walked through the hall crowded with stalls and crypto art with a little helper. After years of working to bring business, people and innovation to the city, he was in the boom of Miami.

New York and San Francisco are becoming less attractive, Mana said. “Each city has its own golden age,” he added. “There is nothing that lasts forever.”

Mana was not a great crypto man per se, but he did recognize the power of his followers’ dedication as a religion. “The more we fight religion, the more sacred the religion and the stronger the movement,” he said.

On stage, Tyler and Cameron Winklevos, Cryptocurrency entrepreneurs and millionaires, preached in the choir. Cameron Winklevos wore a t-shirt with the caption “Rage Against the Machine” in a photo of the Federal Reserve building, which is a virtual currency controlled by the central government and banks. It is a reference to what was not.

“If you own Bitcoin today, you will be a millionaire in the future. Certainly. Congratulations.”

Later, Twitter and Jack Dorsey, CEO of payment firm Square, offered their own support. “If I hadn’t been on Square or Twitter, I would have worked on Bitcoin,” he said.

A few blocks away, a warehouse coworking space called LAB Miami brought together around fifty people to talk about digital art and collectibles called NFTs or non-fungible tokens. Explosive popularity this year.

About half of the group were Miami residents like Stephanie Davis, who quit her job at Google in Silicon Valley last year and moved in with her husband Eric Kami. Kami, who worked for Google, has a sock startup called Tribe Socks.

In Silicon Valley, letting Google develop socks would make people wonder if everything is fine, Davis said, but in Miami, “.

Entrepreneur and investor Drew Austin described his success in the boardroom. Best shot in the NBA, A site for buying and selling digital music videos for basketball. “He basically spends between $ 30,000 and $ 50,000 and is worth over $ 2 million,” said Alex Taub, another panelist.

Austin praised the top NBA player for giving mainstream users access to cryptocurrencies. “I’ve been preaching cryptocurrency to my friends since 2013, and the NBA’s best move is the first time they’ve done anything with cryptocurrency,” he said.

The conversation turned into a recent downturn in the NFT market. NFT’s weekly sales are down 90% from the euphoria peak in early May. Analysis by Protoss, A crypto-focused media company.

“90% of NFTs will be worthless,” Taub warned.

The conversation continued Running Zedd, Site for buying, racing and breeding digital hoses. Ali spanoraA popular YouTuber who started selling paintings as NFT asked Roman Tirone, head of business partnerships at Zed Run, about the life of digital pipes.

“The horse never dies,” he said.

In the middle of the historic lyric theater, a crowd sipping wine at a gathering of “wine, women, cryptocurrencies”. Naja Roberts, Cryptocurrency Director and actor Hill Harper who created an app called Black wall streetHe explained that investing in cryptocurrencies is an important step in the financial freedom and wealth of the black community.

“They can’t colonize Bitcoin,” said Hill, wearing a t-shirt that mentions Bitcoin creator Satoshi Nakamoto, “Satoshi is black.”

Only 14% of American adults have purchased cryptocurrency. Research According to The Ascent, a financial services review site. Twenty percent of those who don’t say they’re planning this year.

One of the attendees, nonprofit owner Shownda Pagan, said he bought Bitcoin and other cryptocurrency. Dogecoin, After his nephew and son advised him to do it over a year ago. She also bought a stake in AMC, a movie theater chain that was in dire straits. The AMC skyrocketed and became a “meme stock” fueled by social media traders. She said she was overwhelmed by the rapid increase in her holdings.

“Now I’m in love with this one,” she said.

When the sky turned from pink to black, Bitcoin 2021 split into cocktails, rooftop dinners, boat parties, and clubs.

I saw a colleague who worked with Slack and Zoom for a year meet and kiss for the first time. While eating sushi buffet in the light of strings, a young man flew a drone about what is known as DeFi sushi. EDM typed.

Some people chatted about the “whale” party the night before. The party was organized for attendees who purchased a special $ 19,795 conference ticket and was a boxing match against former boxer and current cryptocurrency trader Floyd Mayweather Jr. on Sunday. Guessed who would win. YouTuber Logan Paul. (Mayweather spoke at Bitcoin in 2021.) Elon muskHe was praised and mocked for being able to make cryptocurrencies fluctuate in a single tweet.

After a year of isolation, I felt like Twitter was alive. But we were all together and the scenery was beautiful.

Thousands of people come to Miami to praise Bitcoin

Source link Thousands of people come to Miami to praise Bitcoin

About David Wilson

Check Also

Cloe’s Corner Owner Wants To Help Brooklyn Professionals Build Their Brands

News 12 Staff June 09, 2021, 9:44 a.m. EDT Updated:June 09, 2021, 9:44 a.m. EDT …