At the Bitcoin MENA conference, Strategy (MSTR) Executive Chairman Michael Saylor outlined his vision for the Middle East to become the “Switzerland of the 21st century” through bitcoin-backed banking, credit, and digital money products. He described the opportunity as a potential $200 trillion market for the region.

In a wide-ranging presentation, Saylor urged Middle Eastern nations to enable banks to custody bitcoin, offer BTC-backed credit, and eventually launch yield-generating digital money products. “If you want your nation to be the digital banking capital of the world … if you want to be the Switzerland of the 21st century, these are the three ideas: the big, the bigger, and the biggest,” he told the audience.

A “big idea” involves sovereign wealth funds investing in bitcoin. A “bigger idea” is building banks that custody BTC and extend credit on it. The “biggest idea” is creating digital money accounts backed by BTC credit instruments, offering up to 8% yield with no volatility. Saylor emphasized the scale of capital involved, saying, “You won’t draw a little bit of bitcoin — you will pull billions, tens of billions, hundreds of billions, and even trillions of dollars from people who don’t understand bitcoin.”

Saylor claimed that the U.S. is leading the global regulatory shift toward bitcoin, citing broad support from government officials. “There is a profound consensus amongst everyone running the United States,” he said, noting discussions with the Vice President, Treasury Secretary, SEC Chair, Commerce Secretary, and other top officials who view bitcoin as a strategic asset. He added that U.S. banks that previously avoided bitcoin are now actively engaging with it.

“All the large banks in the United States have gone from not banking bitcoin 12 months ago to, in the past six months, approaching me — BNY, Wells Fargo, Bank of America, Charles Schwab, JPMorgan, Citi — all starting to issue credit against bitcoin or bitcoin derivatives like IBIT,” Saylor said.

Strategy currently holds more than 660,000 BTC and is rolling out BTC-backed credit instruments, including perpetual preferred stocks and short-term notes with monthly dividends. “We’re converting 120 months or 240 months of duration into one month. Pay me now,” Saylor explained.

He framed these innovations as the foundation for a new financial system. “Digital capital creates digital credit, and digital credit creates digital money. That’s the killer app,” he said.