🔥 NEW: Michael @saylor Urges Middle East to Become the 'Switzerland of Bitcoin Banking'@HeleneBraunn reports:https://t.co/ioBrkWR7KA ...

Core Insights - The Middle East has the potential to become the "Switzerland of the 21st century" by adopting bitcoin-backed banking and digital financial products, representing a $200 trillion opportunity [1][2] Group 1: Investment Opportunities - A significant opportunity involves sovereign wealth funds investing in bitcoin as a "big idea" [3] - The "bigger idea" is the establishment of banks that can custody bitcoin and extend credit based on it [3] - The "biggest idea" is to create digital money accounts backed by BTC credit instruments, offering yields of up to 8% without volatility [3] Group 2: Regulatory Environment - The U.S. is leading a global regulatory shift towards bitcoin, with strong support from government officials, including the Vice President and the Secretary of the Treasury [3][4] - There is a consensus among U.S. officials that bitcoin is a strategic asset, with former President Trump advocating for America to become the bitcoin superpower [3] Group 3: Banking Sector Developments - Major U.S. banks that previously avoided bitcoin are now actively supporting it, with institutions like BNY, Wells Fargo, and JPMorgan beginning to issue credit against bitcoin and its derivatives [4] - Strategy holds over 660,000 BTC and is launching various BTC-backed credit instruments, including perpetual preferred stocks and short-term notes [4] Group 4: Financial System Innovation - The innovations in bitcoin-backed financial products are seen as foundational for a new financial system, where digital capital leads to digital credit and subsequently digital money [5]