Whether it was for lower taxes, the thriving crypto scene, or the nightlife, tech workers and investors alike were flocking to Miami last year.
This year, moving to Miami has fallen to the wayside among the tech crowd, the therapist Annie Wright told Insider.
"It's all about chasing the hottest job opportunities and right now, it seems like those are in California again because of AI," Wright said.
"Those who moved to Miami to take advantage for tax breaks from crypto are moving back to Silicon Valley, based on what I'm hearing and seeing," she added.