Abu Dhabi becomes hub for struggling crypto sector’s capital hunt
Representatives from major cryptocurrency firms went to Abu Dhabi last week to connect with wealthy Middle Eastern investors who might breathe new life into a struggling sector.
Officials from a massive $330 billion sovereign wealth fund in the United Arab Emirates were supposedly in attendance. The problem? Nobody could find them.
Leading figures in the cryptocurrency world rushed to the UAE capital, bouncing between multiple conferences, exclusive beach parties, and luxury yacht gatherings. They swapped tips about private dinners with industry celebrities and chased down anyone who might have connections to the royal family.
Michael Saylor showed up at the Bitcoin MENA conference. He started Strategy, the biggest bitcoin-buying…
