The three-day Bitcoin 2023 annual conference will see around 15,000 people, less than half the number of attendees it witnessed last year|@TheBitcoinConf|via Twitter

The Bitcoin 2023 annual conference, underway in Miami, will see less than half the number of attendees it had the year earlier.

In 2022, the three-day event drew in around 35,000 people, this year it expects just 15,000 attendees.

Even with famed speakers, including finance author Micheal Lewis (Moneyball, The Big Short, The Blind Side), presidential candidates Robert F Kennedy from the Kennedy dynasty, biopharma entrepreneur Vivek Ramaswamy, and many more, the conference may see a decline in turnout.

The prolonged price weakness in the cryptocurrency market also known as “crypto winter”—triggered by the collapse of Sam Bankman-Fried’s FTX and other crypto platforms like Voyager Digital and BlockFi in 2022—has made people wary of digital currency and consequently the event, touted as the “world’s largest Bitcoin gathering.”