- The mayor of Miami is an active crypto advocate.
- The slate of speakers includes a U.S. Senator, a Shark Tank investor, national sports stars, and El Salvador President Nayib Bukele.
- More than 70 organizations have planned announcements over the next few days. Last year, President Bukele made global headlines when he announced that El Salvador would accept Bitcoin as legal tender.
Celebrities, Bitcoin billionaires, politicians, pro athletes, and more are in the Magic City for the 2022 Bitcoin Conference.
Tens of thousands of Bitcoin enthusiasts are in Miami for the 2022 Bitcoin Conference going on now through this Saturday. More than 300 speakers will present at the world's largest cryptocurrency conference across multiple stages. Most of those presentations will be available to watch for free via live streaming on Youtube.
This year's slate of speakers includes U.S. Sen. Cynthia Lummis, tennis champ Serena Williams, Shark Tank investor Kevin O'Leary, Psychologist/Professor Jordan Peterson, NFL star Aaron Rodgers, El Salvador President Nayib Bukele, and many more.
Beyond those main stage presentations and breakout sessions, more than 70 organizations have booths on site and have planned announcements over the next few days. For example, last year, President Bukele made global headlines when he announced that El Salvador would accept Bitcoin as legal tender.
Miami's mayor wants to make the city the U.S. crypto capital
This conference is one of many ways Miami's mayor is supporting the use of cryptocurrency. Last November, 44-year-old Frances Suarez was reelected mayor of Miami. Suarez wants to make Miami a crypto capital and actively campaigned on a pro-crypto platform. Then he became the first U.S. politician to accept a salary in Bitcoin. During his tenure as mayor, Suarez has been one of the most avid political proponents of cryptocurrencies in the U.S., especially Bitcoin.
In 2021, Suarez advanced the idea of issuing a “MiamiCoin” crypto on the CityCoin platform, which will likely be used to fund municipal building projects instead of traditional bonds. It could also be used for possible city tax collections. Last October, Suarez announced plans to submit a proposal to the Miami City Commission to allow municipal workers to elect for themselves if they want to be paid in Bitcoin as well.
According to CoinMarketCap.com, Bitcoin is trading at $43,757 at the time of writing, which is down 4.57% over the past 24 hours. Bitcoin is still priced at about 34% off its all-time high of around $67,000 last November. We'll have to see if any big news from the 2022 Bitcoin Conference causes the price to jump.
Our Research Expert
We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent does not cover all offers on the market. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.
Tor Constantino owns Bitcoin, Ethereum, Ankr, Hedara, and Energi.
The Ascent is a Motley Fool service that rates and reviews essential products for your everyday money matters.
Copyright © 2018 - 2023 The Ascent. All rights reserved.