Michael Saylor's Call for Bitcoin in the Middle East

Michael Saylor Advocated for Bitcoin-Backed Banking

Michael Saylor called on Middle Eastern countries to embrace Bitcoin-backed banking, lending, and digital currencies. He 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 widely embraced Bitcoin as "digital gold," receiving support from the Treasury, the Securities and Exchange Commission (SEC), and other important institutions. These statements indicate that Bitcoin's position in the financial system is gaining more acceptance.

Major Banks Taking Steps Towards Bitcoin

Furthermore, it was reported that major U.S. banks such as JPMorgan, Citi, and Wells Fargo are preparing to offer custody and lending services related to Bitcoin. This situation is seen as a herald of significant change in the mainstream financial world.