# Dubai Hosts TOKEN2049 Amid Shifting Crypto Sentiments
The TOKEN2049 crypto conference in Dubai attracted approximately 15,000 attendees, including executives from BlackRock, Goldman Sachs, and Binance. Despite earlier enthusiasm, Bitcoin prices have dropped 12% from their peak, partly due to a slowing pace of reforms and global economic uncertainties. Nevertheless, the industry saw robust investment, with $5.4 billion in global venture capital funding in Q1 2025. Dubai continues to solidify its position as a vital crypto hub, with initiatives like accepting bitcoin for real estate purchases and plans for a new “crypto tower” by 2027.