Crypto Boom Fuels Migration to Puerto Rico, Attracting Entrepreneurs and Sparks Economic Debate

A surge in cryptocurrency trading is driving a wave of young entrepreneurs to relocate to Puerto Rico, seeking tax benefits that are reshaping the island’s social and economic landscape. Prominent figures like Brock Pierce and Logan Paul are among those making the move, creating a buzz within the crypto community. The influx of talent is transforming Puerto Rico into a hub for the industry, attracting both investors and entrepreneurs. However, the migration also raises concerns about economic inequality as new residents enjoy tax breaks while local communities grapple with potential displacement and gentrification.