Michael Saylor's Call for Bitcoin in the Middle East

Michael Saylor Advocates for Bitcoin-Backed Banking

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

Bitcoin Accepted as Digital Gold

Saylor noted that the U.S. government has widely embraced 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 position in the financial system is gaining further acceptance.

Major Banks Taking Steps Regarding Bitcoin

Additionally, it has been reported that major U.S. banks such as JPMorgan, Citi, and Wells Fargo are preparing to offer custody for Bitcoin and extend credit against it. This development is considered a sign of significant change in the mainstream financial world.