Musk s breakup meme tweet on Thursday night sent Bitcoin plunging
Panicked investors took it to mean Tesla is selling off its Bitcoin reserves
Musk mocked their fury with another meme of a crying day trader
Meanwhile Miami hosted largest Bitcoin conference of the year
Jack Dorsey announced Square will develop a hardware wallet for crypto
Musk was not on the list of speakers, and it was unclear whether he was invited
Animosity toward Musk was on full display among conference attendees
By Wendi Grossman
Jun 4, 2021
Thousands of people descending on Miami for what s expected to be the largest cryptocurrency conference in the world. Mayor Francis Suarez says this seals the deal for the Magic City to become the next big tech hub. He wants Miami to be known as the capitol of capital and he s expecting many start up companies to relocate here. He says the city can offer low taxes and perfect weather.
Suarez is trying to turn more of the city s finances over to crypto. He wants the city to accept fees and pay employees in it. City Commissioners are currently investigating to see if this would be possible. He also touts the crypto group FTX which bought the naming rights to the Triple-A in a 135-million-dollar deal.