California's proposed billionaire tax is causing a significant shift among high-net-worth individuals in the tech and cryptocurrency sectors. According to NS3.AI, notable figures such as Mark Zuckerberg are considering relocating to Florida, a state known for its favorable tax policies. This trend is highlighted by the listing of a luxury Miami mansion priced at 700 BTC, reflecting the movement of crypto wealth into real estate.
Experts caution that this tax policy could weaken Silicon Valley's position as a tech hub, while simultaneously enhancing Florida's real estate and cryptocurrency landscape. The potential impact on California's economy and the tech industry's future remains a topic of concern among industry leaders.