At the Bitcoin MENA conference, Strategy (MSTR) Executive Chairman Michael Saylor called on the Middle East to become the “Switzerland of the 21st century” by embracing bitcoin-backed banking, credit, and digital money products. He described the opportunity as a potential $200 trillion market.
Saylor outlined a three-tier approach: a “big idea” for sovereign wealth funds to invest in bitcoin, a “bigger idea” to build banks that custody BTC and offer BTC-backed credit, and the “biggest idea” to create digital money accounts backed by BTC credit instruments offering up to 8% yield with no volatility. “You won’t draw a little bitcoin — you will pull billions, tens of billions, hundreds of billions, even trillions of dollars,” he said.
He also highlighted the U.S. regulatory landscape, claiming widespread support for bitcoin from top officials, including the Vice President, Treasury Secretary, and SEC Chair. Saylor noted that major banks such as BNY, Wells Fargo, Bank of America, Charles Schwab, JPMorgan, and Citi are now exploring credit products tied to bitcoin and derivatives.
Strategy holds more than 660,000 BTC and is issuing BTC-backed credit instruments, including perpetual preferred stocks and short-term notes with monthly dividends. “Digital capital creates digital credit, and digital credit creates digital money. That’s the killer app,” Saylor said, framing these innovations as the foundation of a new financial system.
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