Michael Saylor Urges Middle East to Adopt Bitcoin as a Banking Hub Like Switzerland

Bitcoin advocate and MicroStrategy Chairman Michael Saylor has called for the Middle East to position itself as the "Switzerland of Bitcoin banking." Speaking at a major financial conference, Saylor highlighted the region's potential to leverage its economic stability and strategic position to become a global center for Bitcoin custody, trading, and institutional investment. He argued that embracing Bitcoin (BTC) could attract significant capital, drive technological innovation, and diversify economies away from traditional oil dependency. This vision aligns with the growing institutional adoption of cryptocurrency as a digital asset and store of value. Saylor's comments come as several Middle Eastern nations, including the UAE and Saudi Arabia, are already exploring blockchain and digital asset regulations to foster fintech growth.