Downtown Las Vegas is a stretch of the city that many visitors sidestep in favor of the infamous “Strip.” The often heard refrain? Too gritty. Too rowdy. Unsafe. But let’s look at how Bitcoin is changing this.
East Fremont Street, the major arterial downtown, was decrepit and in a state of disrepair just a few years ago. But it’s now in the midst of a major renaissance, having emerged as a robust thoroughfare of pedestrian activity.
And at the epicenter of it all? Bitcoin
A major catalyst behind the economic resurgence of this area was the arrival of the online shoe and clothing retailer Zappos in 2009. Sensing downtown’s immense potential, founder and CEO Tony Hsieh proceeded to pump millions into the area.
But an even bigger accelerant for downtown, which was once the Las Vegas strip, is businessman and bitcoin supporter Derek Stevens.
In 2012 he repurposed the downtrodden Fitzgerald Hotel into a swanky casino resort known as the D Hotel. Later the D’s sister hotel known as the Golden Gate Hotel & Casino was…