At Bitcoin 2021, billed as the biggest bitcoin event in history, legions of faithful fans braved 90-degree days to talk all things crypto. Many of the

Thousands of bitcoin believers descended on Miami to party and preach the gospel of 'HODL'

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2021-06-08 08:00:04

At Bitcoin 2021, billed as the biggest bitcoin event in history, legions of faithful fans braved 90-degree days to talk all things crypto. Many of the conference attendees were bitcoin maximalists, a phrase used to describe people who believe that bitcoin, and not necessarily other cryptocurrencies, is the future of finance. Most plan to BTD (buy the dip) and HODL (hold on for dear life).

The energy was electric. A maskless, sold-out crowd of 12,000 attendees spent two days glad-handing, hugging, sending crypto from wallet to wallet, and closing business deals in between panels and speeches. The novelty of taking part in a largely indoor event, free of Covid restrictions, contributed to the atmosphere.

A standard pass to the event cost $1,499. Some guests paid for a highly coveted orange bracelet, known as the "Whale Pass," which takes its name from a term used to describe individuals who hold large sums of bitcoin. The pass granted access to an extra day of speakers, exclusive parties, and a private area in the convention hall, replete with a free bar. On the first day of the conference, it was retailing on Eventbrite for $21,000, plus a $529 transaction fee.

The crowd look was mixed. Picture conference merch like neon-colored fanny packs, Bitcoin 2021 branded sunglasses, and t-shirts with crypto puns and hashtags. Some appeared ready for a summer rave, wearing bikinis in the media room.