I live in Miami and speaking anecdotally, the article is right about the facts and wrong about the conclusion.<p>It’s true that crypto money has dried up, the FTX arena has been re-renamed, that the crypto tide in Miami rose and fell in about a year’s worth of time.<p>I think the conclusion I would draw instead is that the rush of money and transplants into Miami hasn’t abated — it simply has a new face. Goodbye crypto degens, hello stockbrokers, hedgies, traders, quants, etc.<p>New skyscrapers are still going up, rent has yet to come down, and G wagons are still commonplace — just more Citadel / Millennium and less FTX.