Saylor Pushes Bitcoin Banking Vision
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Saylor Pushes Bitcoin Banking Vision
Michael Saylor used his appearance at the Bitcoin MENA conference to urge Middle Eastern nations to position themselves as global leaders in bitcoin finance. He argued that the region could become “the Switzerland of the 21st century” by embracing three pillars: sovereign wealth fund allocations to bitcoin, banks that custody BTC and issue credit against it, and eventually digital-money products backed by bitcoin credit instruments. Saylor described this as a $200 trillion opportunity that would attract massive international capital.
He also claimed that U.S. regulators and major agencies now broadly view bitcoin as “digital gold,” citing conversations with senior officials. According to Saylor, large American banks that once avoided crypto—JPMorgan, Citi, Wells Fargo, and others—are preparing to custody bitcoin and extend credit tied to BTC and related instruments.
Saylor framed these developments as the beginning of a new system where digital capital supports digital credit, ultimately enabling fully bitcoin-backed digital money.
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