Miami and its mayor Francis Suarez are losing their enthusiasm for cryptocurrencies and blockchain technology, according to industry observers. Despite collecting his salary in Bitcoin, Suarez has lost some of his optimism on how crypto could boost the city's economy. The Miami crypto landscape is much different from what it was during last year's Bitcoin conference, with many officials and entrepreneurs modifying their narrative on crypto and no longer expecting it to become a key element in the city's drive towards becoming a major hub for business and innovation. Attendance at the Miami NFT Conference in April 2023 also dropped by about 1,500 compared with last year's edition.