Michael Saylor Urges Middle East to Become the 'Switzerland of Bitcoin Banking'
Michael Saylor pitched the Middle East to become the 'Switzerland of the 21st century' by embracing BTC-backed banking and yield products.Summary
Speaking at the Bitcoin MENA conference, MicroStrategy Executive Chairman Michael Saylor urged the Middle East to capture a $200 trillion opportunity by establishing itself as the "Switzerland of the 21st century" through bitcoin adoption. He outlined three tiers of opportunity: sovereign wealth funds investing in BTC (big idea), building banks to custody BTC and extend credit (bigger idea), and creating digital money accounts backed by BTC credit instruments offering up to 8% yield with no volatility (biggest idea). Saylor claimed the U.S. is leading the regulatory shift, citing consensus among top officials, including Donald J. Trump's stated goal to make America the crypto capital. He also noted that major U.S. banks like JPMorgan and BofA are now actively moving to support bitcoin custody and derivatives. Saylor framed these innovations—digital capital creating digital credit, which creates digital money—as the foundation of a new financial system.
(Source：CoinDesk)