Cancelling Token 2049 in Dubai is undoubtedly a wise decision. On one hand, the war. On the other hand, are there really that many people willing to take a few hours flight to attend a cryptocurrency conference that might yield no benefits? Perhaps I've been in an information bubble, but are there really enough projects willing to pay tens of thousands or even hundreds of thousands of dollars for booth fees?

To add some information, the booth fees for crypto conferences usually range from $30,000 to $50,000, and can go as high as $200,000 to $300,000.