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Agenda-setting intelligence, analysis and advice for the global fashion community.

What Happened to Crypto’s Luxury Shoppers

The crypto market’s dramatic decline hasn’t totally curbed its wild spending, though it does look to be shifting its predilection for loud luxury toward a more discrete sense of style.
A women's peak-lapel sport jacket is posed in a store with handbags in the background.
A luxury storefront in Miami, which has become a popular crypto hub in the US. (Getty Images)

These days, a leather minidress isn’t on Meltem Demirors’ shopping list.

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Further Reading

Why Fashion Hasn’t Given Up on Crypto

Some see the crypto downturn as a way to weed out weak projects, chase away the speculators and clear the way for builders who see web3’s long-term value.

The Two Hottest Cities in America

Young, wealthy professionals have flooded Miami and Austin over the last 18 months, and luxury brands are following the money. But selling to a newly minted tech millionaire isn’t always so simple.

About the author
Marc Bain
Marc Bain

Marc Bain is Technology Correspondent at The Business of Fashion. He is based in New York and drives BoF’s coverage of technology and innovation, from start-ups to Big Tech.

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