Michael Saylor told the Bitcoin MENA conference that the Middle East could become "the Switzerland of the 21st century" by embracing bitcoin-backed banking, credit and digital currencies. Calling the move an opportunity of up to $200 trillion, he recommended that sovereign wealth funds invest in bitcoin, banks host bitcoin and issue collateral credit, and launch BTC-backed digital currency products. Saylor also pointed out that the mainstream US regulatory and banking system is gradually accepti...