×
Thursday, May 15, 2025

Does crypto have a future in San Francisco? - The Business Journals

Just six months ago, the cryptocurrency industry was riding high. Celebrity endorsers from Matt Damon to Tom Brady to Reese Witherspoon were hawking all manner of crypto vehicles to millions of eager retail investors. As crypto soared, the message was clear: The future has arrived. Get in now to enjoy the ride. You’re a sucker if you wait. Since then, prices have crashed in a seasonal cataclysm widely dubbed “crypto winter.” Billions in value have been wiped out, both by the market’s performance and in a series of high-profile hacks. As for the celebrity endorsers? They have all fled the scene. From the ashes of this boom-and-bust cycle, the crypto industry hopes to gear up for a new era, undaunted, if a bit more mindful of its mistakes. And San Francisco — never one to miss out on a gold rush — wants to play a central role in the evolution.
A wave of new crypto companies are striving to not only strike it rich, but succeed in building out Web3, a wholly new iteration of the...



Read Full Story: https://www.bizjournals.com/sanfrancisco/inno/stories/news/2022/08/25/crypto-...

Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.