Don’t Get Too Excited — Crypto Is Not New
People walk past a cryptocurrency exchange office with a screen featuring US President Donald Trump holding cryptocurrency coins in Hong Kong on March 12, 2025. (Photo by Mladen ANTONOV / AFP) (Photo by MLADEN ANTONOV/AFP via Getty Images)
AFP via Getty Images
The ballroom lights blaze against a backdrop of digital neon, illuminating thousands of conference-goers who have flown in from around the world. Crypto millionaires lean against velvet ropes. A handful of billionaires hold court in side rooms. Camera crews shuttle between stages. The energy is unmistakable: the belief that a new financial age is dawning.
Onstage, a speaker quotes the Winklevoss twins, whose early advocacy helped mainstream the movement:
“We have elected to put our…
