Bitcoin May be down 30%… but you would not know it just ye in Palm Beach or Miami!

Yesterday I met Miami Beach resident Michael Saylor, who looked about as worried as a man who's waiting too long for his second Margarita. Earlier I listened to Eric Trump explain his various crypto ventures at a Clear Street event in Palm Beach—where DATs convened with TradFi people and the most frequent discussion question was where the best padel courts in South Florida are.

Even with the drawdown, crypto is still one of the biggest growth engines in South Florida — the blockchain engineers may not all have moved down here but the people working on the financialization of crypto are certainly here. Should you buy or sell crypto? Up to you - but if you want to diversify your portfolio, consider selling some coins and getting a condo on the beach, it's a lot more fun than watching prices tumble.