Call for Bitcoin to the Middle East from Michael Saylor.

Michael Saylor Advocated for Bitcoin-Backed Banking

Michael Saylor called for Middle Eastern countries to adopt Bitcoin-backed banking, credit, and digital currencies. Saylor expressed that as a result, these regions could become the Switzerland of the 21st century.

Bitcoin Adopted as Digital Gold

Saylor noted that the U.S. government has largely adopted Bitcoin as "digital gold," receiving support from the Treasury, the Securities and Exchange Commission (SEC), and other significant institutions. These statements indicate that Bitcoin's place in the financial system is gaining more acceptance.

Major Banks Taking Steps Regarding Bitcoin

Additionally, it was reported that major U.S. banks, such as JPMorgan, Citi, and Wells Fargo, are preparing to offer custody and lending against Bitcoin. This situation is being viewed as a sign of a significant shift in the mainstream financial world.