FAST FIVE: When Crypto Bros Hit Miami: "It Was Like Revenge Of The Nerds" Booking Tables For $50,000
When Crypto Bros Hit Miami: “It Was Like Revenge Of The Nerds” Booking Tables For $50,000 In the grand scheme of the post-FTX collapse, millions of depositors in the exchange will suffer terminal losses and countless other investors will see much if not all of their crypto gains wiped out.
To be sure, Miami's club operators have always been able to rely on a few big weekends, such as Art Basel, music festival Ultra and New Years Eve.
“A buyout costs anywhere from 20 per cent to 50 per cent more than we would make on a normal night.” Crypto money had flooded into other parts of Miami's luxury scene too.
“I don't think the crypto market is going to fold and be done.
“We don't think they're coming back,” Vimercati said.