Miami isn't the next Silicon Valley. It's something much weirder.

Source: Business Insider

Kevin Dietsch/Getty Images; Getty Images; Rebecca Zisser/BITech's elite are taking their talents to South Beach — again. In January, David Sacks, the venture capitalist and crypto and AI czar, proclaimed that Miami will soon replace New York City as America's financial capital. Stripe's Patrick Collison has been marveling at the city's "boomtown" vibes.