Inside the 25,000-person gathering that has put a dramatic spotlight on the fast money and devil-may-care culture attached to finance's newest industry.
A man poses in a Bitcoin themed art installation during the Bitcoin 2022 Conference at the Miami Beach Convention Center in Miami Beach, Florida, on April 7, 2022.t’s Saturday afternoon in Miami Beach near the end of Bitcoin 2022, a 92-hour, bacchanal-style conference. The summit has drawn over 25,000 people to discuss and glorify cryptocurrencies, and it’ll close with a concert—the so-called Sound Money Fest—featuring two Grammy-nominated headliners, Logic and Steve Aoki.
Such was Bitcoin 2022, which began last Wednesday and finished early Sunday morning, and all surrounding it. In four years, the conference has become one of the largest conferences of any kind in the world, bigger than Collision and South by Southwest and increasingly close to the size of Las Vegas’ Consumer Electronics Show.magazine, and the young event does a remarkable job of drawing in average investors, politicians and billionaires alike.
Rupena is already thinking ahead. “When we issue a loan, we’re starting a 30-year relationship with our customers. And they’re likely to want other things from us, too, right? It’s not just about houses,” he says. Soon, Rupena says, Milo intends to expand to car loans and credit cards, too.eally, though, Bitcoin 2022 was one giant, city-sprawling party. The panels and talks were at the Miami Beach Convention Center, blocks from the beach and amid the area’s thriving, miles-long bar scene.
One of the most coveted invites was a Thursday evening soiree at the Versace mansion thrown by Paxos, a New York City-based crypto brokerage. The event must’ve cost upwards of $100,000. It had several open bars, hors devours trays, a three-tiered table with lobster tails, crab legs and shrimp, a large paella vat, towers of macarons, three large coffee urns next to bottles of schnapps and a station featuring nine varieties of Cohiba cigars.
Compounding this is an increasing fatigue among the crypto set, who find themselves sorting through a burgeoning number of events. This included last February’s developer-focused ETHDenver and NFT-based conferences in Los Angeles , Miami and New York .
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