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Marketplace Tech

The “crypto winter” didn’t keep bitcoiners away from its annual conference

Marketplace Tech

Marketplace

News, Technology

4.51.3K Ratings

🗓️ 22 May 2023

⏱️ 6 minutes

🧾️ Download transcript

Summary

Bitcoin believers gathered in Miami for what organizers say is the world’s biggest annual bitcoin convention, though it was quite a bit smaller than last year. It drew less than half of the 35,000 attendees who went in 2022. Of course, a lot has happened in the crypto world since then. A little disaster called FTX, a crypto-friendly bank failure or two. Not to mention the price of bitcoin has taken a dive, from around $40,000 during last year’s event to about $26,000 this time around. Marketplace’s Meghan McCarty Carino spoke with senior reporter Matt Levin, who was there to take the pulse.

Transcript

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0:00.0

Marketplace Morning reports new Skin in the Game series explores what we can learn about

0:04.6

money and careers from the $300 billion video game industry. Plus, here how an Oakland-based

0:11.0

program helps young people get the skills they need to break into this booming industry.

0:15.9

Listen to Skin in the Game and more from the Marketplace Morning report wherever you get your

0:20.7

podcasts.

0:22.5

Crypto Winter, you say? Well, look pretty sunny at the Bitcoin conference in Miami last week.

0:29.7

From American public media, this is Marketplace Tech. I'm Megan McCarty-Karino.

0:43.8

Bitcoin believers gathered in Miami for what organizers say is the world's biggest annual

0:50.0

Bitcoin convention, though it was quite a bit smaller than last year, drawing less than half

0:56.5

of the 35,000 attendees that went in 2022. Of course, a lot has happened in the crypto world

1:03.2

since then. A little disaster called FTX, a crypto-friendly bank failure, or two. Not to mention,

1:11.2

the price of Bitcoin has taken a bit of a dive from around $40,000 during last year's event

1:18.3

to about $26,000 this time around. My colleague, Matt Levin, was there to take the pulse. He's a

1:24.8

senior reporter here at Marketplace. So it is mostly like any other convention, which was

1:30.7

somewhat surprising to me. It's a lot of crypto companies, debuting products,

1:36.0

demoing products. There's an exhibit hall. There's a lot of non-cryptocompanies here, real estate

1:41.3

companies, HR software companies, recruiting companies that are just trying to get Bitcoin client

1:47.6

tell. But there are some kind of Bitcoin-specific eccentricities, I would say, that you probably

1:54.8

wouldn't see at other conferences. Like what? Some of the odd or things I've seen. There's a

2:01.2

mechanical bull in the middle of the exhibit hall that you can ride, literally riding the Bitcoin

2:07.0

bull. You can buy a children's board game that's supposed to introduce your kids to the concept of

2:12.8

Bitcoin. You can buy S-Coin wipes. I'm using S to replace an expletive there. Bitcoiners aren't big

...

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