Crypto Is Booming Again in New York as Sentiment Turns Positive

Crypto startup Concrete recent decamping to New York’s Meatpacking District from the San Francisco Bay Area may be emblematic of a budding digital-asset renaissance in the Big Apple.

More than a dozen crypto-related companies, big and small, have opened or are planning to open offices this year. Much of the change is due to the overall sentiment toward crypto becoming more favorable as the sector recovers from several years of turmoil. Then there’s Silicon Valley turning its attention to the latest hot sector — artificial intelligence.