In brief:
₿- New York’s new anti-crypto political climate is driving investors to seek friendlier destinations, with Miami maintaining its crypto-friendly reputation and Panama emerging as a top contender.
₿- Panama’s pro-business environment, low taxes, and new investor passport under the Qualified Investor Program make relocating easier than ever for global crypto investors.
The mood among New York’s City crypto community has turned frosty following the election of a new mayor seen as unfriendly toward the digital asset industry. Once a bustling centre for blockchain innovation, the city’s changing political stance has left many investors uneasy. With stricter policies and less enthusiasm for decentralised finance, crypto entrepreneurs are now looking beyond the Big Apple for a place where innovation can still thrive.
Miami’s warm welcome for crypto believers
For many, the search isn’t just about regulation- it’s about stability, growth, and finding a city that believes in the future of digital money. The new leadership in New York appears to favour traditional financial frameworks, leaving blockchain startups and crypto funds exploring their options elsewhere.
While some New York investors are setting their sights on new destinations, Miami continues to hold its place as a recognised crypto-friendly city. Under former Mayor Francis Suarez, the city earned its reputation as a hub for digital innovation and financial experimentation. Suarez made history in 2021 by becoming the first U.S. politician to receive his full salary in Bitcoin, a move that captured national attention and showcased his belief in the technology’s long-term potential.
Suarez recently noted that the Bitcoin he received then is now worth three times more, underscoring his confidence in the currency’s resilience. He continues to highlight Bitcoin’s limited supply and independence from government control as reasons for his steady optimism.
Even after challenges like the FTX collapse, Miami’s ambition to stay relevant in the blockchain landscape remains strong. Its ongoing focus on technology and entrepreneurship still appeals to crypto enthusiasts seeking a business-positive environment. Yet, as investors weigh their next move, another destination is beginning to draw even greater interest- and that destination is Panama.
Panama enters the race with a bold message
But Miami isn’t the only destination catching attention. Panama has entered the conversation with a powerful message from Panamanian Mayor Mayer Mizrachi, who wrote: “Hey New York, if you’re thinking about moving to Miami, consider Panama: we’re dollarized, pro-business, pro-capitalism, pro-America, safe and welcoming to people of all cultures and religions. Lower taxes than Florida. No taxes on foreign income, dividends nor capital gains.”
His post struck a chord with crypto investors seeking both financial freedom and lifestyle advantages. Panama’s dollarised economy, pro-market policies, and attractive tax incentives make it a strong contender for those seeking a secure and business-friendly base. With the introduction of a special investor passport for foreigners holding permanent residence under the Qualified Investor Program, it’s now easier than ever for global investors to move to Panama and make it their new home.
Stay informed,
Rodcas Consulting Group