Michael Saylor Urges Middle East to Become the 'Switzerland of Bitcoin Banking'

The Middle East has a chance to become "the Switzerland of the 21st century" by embracing bitcoin-backed banking, credit, and digital money, said Strategy (MSTR) Executive Chairman Michael Saylor. In a wide-ranging presentation at Bitcoin MENA, Saylor urged the region to seize what he described as a $200 trillion opportunity by enabling banks to custody bitcoin, offer BTC-backed credit, and eventually launch yield-generating digital money products. “If you are interested in making your nation the digital ...