Ultra-wealthy and funds concentrate in Miami, Peter Smith points out

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Anastasiia Chabaniuk

28.04.2026

Ultra-wealthy and funds concentrate in Miami, Peter Smith points out — Wealth funds favor Miami, corporates Texas

Peter Smith, co-founder and chief executive officer at Blockchain.com, observes a migration trend where ultra-high-net-worth individuals, hedge funds, and private equity funds are increasingly relocating to South Florida, especially Miami.

Smith also notes that corporate entities are gravitating toward Texas. He suggests that this movement could eventually prompt New York to reassess its current position in the financial landscape.

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Smith has previously stated that the UK should lead in digital assets and innovation, highlighting crypto’s role in the country’s growth plans, according to a recent article. In a separate report, he noted that most AI job exposure remains hidden as new autonomous economic frameworks take shape, with crypto identified as a core component in these developments in a prior interview. These observations follow his latest comments on relocation trends in the U.S. financial sector.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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