Miami

Miami Bitcoin Conference Flags Attendance Down by Half as ‘Crypto Winter’ Drags On


Bitcoin faithful are making the annual pilgrimage to Miami Beach by the thousands for the third year in a row, for an industry conference set to feature speakers including the U.S. presidential candidate Robert F. Kennedy and the author Michael Lewis.

Organizers of the conference, Bitcoin 2023, call it the “world’s largest Bitcoin gathering,” starting Thursday and ending with an exclusive afterparty on Saturday night. A general admission ticket costs $999 and an “Industry Pass” with exclusive access to the “Official Networking App” goes for $2,299.

More than 35,000 people attended last year, according to the conference website. Speakers included tennis legend Serena Williams, controversial psychologist Jordan Peterson and MicroStrategy (MSTR) co-founder Michael Saylor.

“Bitcoin winter is heating up in Miami,” reads one banner on the conference website.

The price of bitcoin (BTC) has risen to about $28,000 from around $15,000 in November, but it’s still well off the all-time high around $69,000 reached in late 2021.

The market malaise has triggered a slew of corporate bankruptcies and failures in the crypto industry along with widespread layoffs, leading analysts and executives to describe the current phase of the business cycle as “crypto winter.”



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