• TennHedge

Reflections From Bitcoin 2021 Miami

This week's post is going to be pretty short and sweet, as your boy is tired as hell from a great weekend in Miami for Bitcoin 2021. Additionally, this is going to be more of a personal blog than the usual content you are familiar receiving from me.


If you want an honest assessment of the conference from someone who was attending regular general admission like the majority of the other attendees, I think the best way to put it is that the event was simply oversold, the venue was not able to easily accommodate the throngs of people that descended on Wynwood. I took the earliest available event-sponsored shuttle from my hotel on Day One, and still had to wait in line for an hour and a half before I was able to enter the event (there was only main one entrance/exit to the venue). When I finally gained entry, to my dismay, the main stage was standing-room only, and the fire marshal booted everyone who was standing after only the first couple of speakers. This was a major bummer, as I had looked forward to getting to see many of the speakers (especially ones for the first half of Day One) on the slate on stage in-person.


Nevertheless, the other parts of the event were very well done, and I particularly thought the Bitcoin-centric art gallery was one of the highlights of the conference. Other good parts of the conference included: the Swan Bitcoin Dome, the giant Bitcoin mural painted live at the event, several of the panels at some of the smaller event venues, and Marty Bent & Matt Odell doing a live Rabbit Hole Recap episode from one of the side stages. All in all, despite it being very difficult to access the main venue for some of the keynote speakers, there was enough going on at the event at the alternate areas that somewhat made up for this. Planning events of this magnitude, after a global pandemic no less, is very challenging I am sure, and there is no doubt in my mind that Bitcoin 2022 will improve upon the logistical challenges of Bitcoin 2021. If I am being honest, just getting to meet-up with some of the people I interact with daily on Twitter made the entire trip worth it, all other things aside.


From a Bitcoin perspective, the biggest news to emerge from this event is El Salvador's move to make Bitcoin legal tender within that nation. This is gigantic news, and is the culmination of quite a bit of Bitcoin game theory, particularly around nation state interactions with Bitcoin, coming into fruition in the real world. El Salvador is a first mover into Bitcoin at the nation state level, much like MicroStrategy was at the corporate level. I am very interested in seeing how other nation states will respond to El Salvador's move, and on a longer time horizon, will be intrigued by the economic data emerging from that country over the next 5-10 years.


-TH


You should always consider seeking financial advice from a licensed advisor before making decisions with your money, and you should not consider anything I write as financial advice but merely my opinion. Getting your financial house in order is a prerequisite for Bitcoin saving, in my opinion.


Disclosure: nothing in this article should be considered financial advice and I am not a financial advisor. Do your own research as everything in finance carries risk.