[Michael Saylor Says the Middle East Could Become the Switzerland of the 21st Century if It Embraces Bitcoin] Michael Saylor stated at the Bitcoin MENA conference that if the Middle East embraces Bitcoin-backed banking, credit, and digital currencies, it has the potential to become the 'Switzerland of the 21st century.' He claimed this move could unlock opportunities worth up to $200 trillion and suggested that sovereign wealth funds invest in Bitcoin, banks provide Bitcoin custody and issue collateralized credit, and launch BTC-backed digital currency products. Saylor also noted that mainstream regulators and the banking system in the United States are gradually accepting Bitcoin as 'digital gold.'