- Trump in Dubai drew major crypto leaders and over 15,000 attendees to TOKEN2049.
- Crypto investments hit 5.4 billion dollars in early 2025, the highest since mid 2022.
- Dubai continues to grow as a crypto hub with real estate and banking adopting crypto.
Trump in Dubai Attracts Large Crowd at Token2049
Trump in Dubai has once again focused the attention of the crypto universe. Thousands of cryptocurrency enthusiasts converged in Dubai on Wednesday beneath the scorching Gulf sun to attend the TOKEN2049 conference. The two day event hosted top bosses of top crypto companies, delegates from BlackRock and Goldman Sachs, and even Eric Trump, who will deliver a speech on Thursday.
Trump in Dubai was the main topic for many people attending the event. The US president, who once had doubts about crypto, is now showing strong support for it.
Trump has promised to reduce restrictions on crypto in the United States and has even launched his own cryptocurrency. This new support has brought some hope to the industry, especially after the difficult times in 2022 when many crypto businesses shut down.
But some of the visitors were of the opinion that the enthusiasm surrounding Trump in Dubai can be temporary. Prices for Bitcoin increased after Trump’s election victory, but have fallen by around 12 percent since then.
Issues concerning global trade and sluggish moves towards regulation of crypto by Trump are leaving investors uncertain.
Crypto Growth in Dubai Continues
Despite the mixed opinions, crypto investment is growing. In the first quarter of 2025, crypto companies received 5.4 billion dollars in global investment, the best since 2022. Dubai is also becoming a strong base for crypto firms.
Binance has recently been invested in by a group backed by Abu Dhabi to the tune of 2 billion dollars. Although its creator Changpeng Zhao spent time in jail and resigned as CEO, he got thunderous applause when he turned up at the event.
Trump in Dubai also has a connection to real estate. Eric Trump announced that customers purchasing homes in a new Trump tower in Dubai can now make payments in bitcoin.
Local banks and business districts are also contributing to the growth of the crypto community. Emirates NBD initiated crypto trading on its online bank and DMCC is set to open a crypto tower by 2027.
As Trump visited Dubai, the interest in crypto increased but some people remained concerned about the future. According to one of the attendees, the future of crypto would be more determined by the overall global economy than by any single leader.
