Thousands of people flocked to Miami Beach this week to partake in Bitcoin 2023 and talk shop about crypto’s top coin, but some attendees said the iconic conference feels different on its first day than in years past—with less hype and more empty chairs.

The conference devoted to crypto’s most dominant coin attracted around 35,000 people last year, according to the event’s website, featuring speakers like the NFL quarterback Aaron Rodgers and the tennis legend Serena Williams.

But a steep decline in digital asset prices and a wave of crypto-native blowups has dampened attendance. The conference organizers expect to see 15,000 attendees at what they call “the world’s largest Bitcoin gathering.”

“It’s not wall-to-wall packed like it normally is,” said Andre Hicks, a traveling nurse based in upstate New York, who’s attended the Miami-based Bitcoin conference for the past two years. “I’ve never ever been to one where it was just like a dead bear market like it is now.”

He attributed the lack of people present to a decline in disposable income for the average person, pointing to factors like high inflation. He also said most people would prefer to attend a conference where Bitcoin was rising as oppos

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Author: André Beganski

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