The biggest crypto conference called Token 2049 was held in Dubai’s Madinat Jumeirah resort with the ticked ranging between $500 to $5,000 and it had the luminous presence of President Donald Trump’s representatives — his son Eric Trump, and Zach Witkoff, the son of Trump’s special envoy to the Middle East Steve Witkoff.
The Wall Street Journal depicted the two-day party as wild as giant whale mascots dressed in astronaut costumes lined up for lunch and crypto-printed banknotes were flying into the air during the “Money Rain” event.
The VIPs of the events are ex-prisoners but people have forgotten why they were arrested, the report said. For example, Changpeng Zhao, founder of the Binance exchange, who left a California jail in September, was greeted by supporters. Arthur Hayes, whom a judge sentenced to house arrest for money-laundering violations, said it was time for the industry to go on the attack.
“Some wore shimmering silver tuxedos or suits emblazoned with the bitcoin symbol and cyborg sunglasses. They could slingshot across the resort’s canals on a zip line or get their photo taken on a camel draped in a crypto exchange’s logo. Organizers handed out free champagne flutes. Outside, it hit 107 degrees,” the report said.
Eric Trump was there on the second day and as he addressed the event, he said the crypto world will take over the big banks.
Eric and his brother Donald Trump Jr manage the family’s stake in World Liberty Financial, a firm co-founded by Zach Witkoff. Abu Dhabi-based DWF Labs disclosed a $25 million purchase of tokens tied to World Liberty this month, becoming one of its biggest holders.
Trump Tower in Dubai to accept Bitcoin payment
Eric Trump said buyers for apartments in a new planned tower in Dubai that the Trump Organization launched this week, alongside a luxury real estate developer, will be able to pay with Bitcoin.
