After the pandemic, Miami is seeing an uprising in its economy, with people flocking due to financial organizations and cryptocurrency interests.

At the height of the COVID pandemic, Miami—the city where soccer star Lionel Messi now calls home—became known as an unlikely place for people looking to get away from lockdowns and resume normal life, to the extent that this was possible.

Long known as a "fun in the sun" hot spot with an economy that had trouble diversifying, the city was suddenly making news as a top choice for financial organizations; with the added bonus of having lower tax rates.

The wave was further fueled by the rise in cryptocurrency interest as Miami came to be known as a meeting place for libertarians and the newly wealthy. Three years running, the coastal city hosted the largest Bitcoin conference in the world, drawing tens of thousands of visitors to witness the unveiling of the much-anticipated crypto-bull statue.

The most recent conference might have served as the peak of the city's momentum. The celebrity-backed cryptocurrency exchange FTX failed in the fall of 2022. A few months later, it transpired following the announcement by Miami-Dade County of a long-term partnership with FTX that included renaming Miami's basketball arena.

There were other indications that the momentum had stopped.

Will Weinraub, a native of Miami who currently serves as the CEO of Cryptoys, an NFT-focused business with Disney and Mattel among its clients, expressed his continued optimism for Miami's future.