Why are cryptocurrency evangelists flocking to Puerto Rico? | The Sunday Times Magazine

On a Tuesday night at the Cannon Club, a piano bar in old town San Juan, Puerto Rico, accompanied by sparkling margaritas, grilled octopus and a giant white parrot called Campeche, I am inducted into the future. I’m with a group of cryptocurrency enthusiasts, thousands of whom have moved to Puerto Rico in recent years, as they plot the contours of the new world they hope to build. From the YouTuber Logan Paul to the former film star Brock Pierce to some of the biggest early investors in ethereum, these settlers have been lured to the “Island of Enchantment” by low taxes and long beaches. If you thought the champions of Silicon Valley were utopian and self-assured, try hanging out with the next generation.


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