Michael Saylor: If the Middle East embraces Bitcoin, it could become the "Switzerland of the 21st century"

Jinse Finance reported that Michael Saylor stated at the Bitcoin MENA conference that if the Middle East embraces bitcoin-backed banking, credit, and digital currencies, it could become the "Switzerland of the 21st century." He said this move could unlock opportunities worth up to 200 trillions USD, and suggested that sovereign wealth funds invest in bitcoin, banks provide bitcoin custody and issue collateralized loans, as well as launch BTC-backed digital currency products. Saylor also pointed out that mainstream regulators and the banking system in the United States are gradually accepting bitcoin as "digital gold."