The Trump family and key allies are diving into crypto, attending the Bitcoin MENA conference in Abu Dhabi, where Eric Trump will deliver a keynote. Backing their World Liberty Financial platform, the event highlights crypto’s rising influence amid Bitcoin’s record-breaking surge past $100,000.
Bitcoin MENA Event in Abu Dhabi
The crypto wave is being avidly embraced by President-elect Donald Trump’s closest allies and family. Some of these prominent figures will assemble in Abu Dhabi on Monday for the Gulf region’s largest bitcoin gathering.
The conference could not have arrived at a more opportune moment for the crypto community, which is currently experiencing a period of prosperity as Bitcoin continues to establish new records.
Steve Witkoff, a billionaire and a newly appointed Middle East envoy, and Eric Trump, Trump’s middle son, are among the featured speakers. Both are associated with World Liberty Financial (WLF), a cryptocurrency platform that was established in September of this year. WLF was co-founded by Trump and his family, who are currently actively involved in its promotion.
Eric Trump’s keynote address at the Bitcoin MENA conference will be the primary event on Tuesday. It is anticipated that the event will attract a throng exceeding 6,000 attendees.
Eric will engage in a private “whale-only” chat session in the VIP lounge following his speech. Big-time investors who have the potential to influence markets are required to purchase a $9,999 license for this session.
High-Stakes Players and Bold Promises
Witkoff, who is renowned for his extensive real estate empire, will also deliver a distinct address to this distinguished audience. His session will be tailored to high-rollers who are interested in the more complex aspects of cryptocurrency.
Witkoff’s participation represents a significant convergence of conventional business authority and the emerging digital finance revolution.
Trump personally owns a significant stake in World Liberty Financial. He is entitled to 22.5 billion WLF tokens and a portion of the company’s revenue, as indicated by company records. The venture’s official ambassadors are his sons, Eric, Don Jr., and Barron.
Marshall Beard, the Chief Operating Officer of Gemini, a cryptocurrency exchange established by Cameron and Tyler Winklevoss, expressed his perspective on the significance of the event.
Beard stated, “The Bitcoin conference is of great importance to the cryptocurrency industry because it is one of the longest-running conferences that is dedicated to uniting the industry.” He further stated, “It has been truly remarkable to observe the conference’s expansion in conjunction with the rise of bitcoin.”
Controversies and Major Investors
Justin Sun, the 32-year-old founder of the blockchain platform Tron, will also offer a speech at the conference. Sun became the largest investor in World Liberty Financial after purchasing $30 million worth of its tokens shortly after Trump’s election victory on November 5.
Despite the fact that Sun was facing allegations of securities violation and fraud during the Biden administration, this investment was made.
At this critical juncture, the bitcoin gathering is taking place. Donald Trump, who was previously skeptic about digital currencies, has now declared himself the “crypto president.”
He has pledged to establish the United States as the “crypto capital of the world.” These assurances have propelled Bitcoin to new heights, as the cryptocurrency recently surpassed the $100,000 threshold.
Trump’s dedication to the digital finance movement is not limited to cryptocurrency. David Sacks, a former PayPal executive, was appointed as the White House’s artificial intelligence and crypto coordinator.
It is anticipated that Sacks, a close associate of Elon Musk, will be instrumental in the development of the administration’s strategy regarding finance and technology.
Money, Influence, and Musk
Trump’s ascent has been significantly influenced by Elon Musk. According to records, Musk allocated more than $250 million to Trump’s 2024 election campaign.
Musk’s enterprises, which include Tesla, SpaceX, and X, have earned him a significant position in both politics and the technology sector. Other tech executives and crypto veterans, according to data firm Breadcrumbs, also invested millions in pro-crypto candidates.
Paul Manafort, Trump’s 2016 campaign manager, will deliver a speech regarding his experiences, which will enhance the political atmosphere of the conference.
The title of his session is “A Life of Politics with the Man Closest to Donald Trump.” Trump’s circle has become profoundly intertwined with the political and crypto sectors, as Manafort’s presence indicates.
Changpeng Zhao, the founder of Binance, will also be in attendance, despite his recent legal challenges. Zhao was sentenced to four months in prison in the United States earlier this year for violating money-laundering laws that were associated with cryptocurrency.
He will participate in the VIP whale session, indicating that the industry’s main players will not be deterred from pursuing opportunities, despite the potential for controversy.
