Strategy’s Michael Saylor Met With Middle East Sovereign Wealth Funds to Pitch Bitcoin-Backed Credit
Michael Saylor met with Middle East sovereign wealth funds to promote Bitcoin-backed credit structures offering higher yields than traditional fixed income.Summary
Strategy Executive Chairman Michael Saylor announced he has met with "every sovereign wealth fund in the Middle East" to promote Bitcoin-backed financial structures. Speaking at the Bitcoin MENA conference, Saylor argued that Bitcoin, as digital capital, can underpin credit products that strip out volatility to generate yield, potentially offering returns significantly higher than government bonds or bank deposits.
Saylor outlined a multi-layered allocation strategy, including direct Bitcoin exposure and Bitcoin-backed credit, suggesting investors uncomfortable with price swings could still achieve two to four times the yield of traditional credit. He also emphasized the role regulated banks could play by offering Bitcoin custody and lending services, which he believes could attract trillions in global capital, especially from low-yield environments like Japan and Europe.
He suggested that jurisdictions embracing this model could become the "Switzerland of the 21st century." The article also notes that Strategy recently purchased another 10,624 BTC for $962.7 million, increasing its total holdings to 660,624 BTC.
(Source：Bitcoin Magazine)