Bitcoin as a foundation: How the Middle East can change the global financial map

The vision of transforming a region dominated by oil sectors and traditional banking is gaining significance. During the Bitcoin MENA conference, Michael Saylor presented an ambitious scenario where Middle Eastern countries could redefine their position as a global financial hub. His forecast suggests that adopting infrastructure based on Bitcoin and digital currencies could lead the region to a role similar to Switzerland in the twenty-first century.

Economic Potential Worth Remembering

According to the analyst, such an approach could unlock financial opportunities worth up to 200 trillion dollars. This figure illustrates the scale of transformation that Middle Eastern countries could experience through integrating blockchain technology into their banking systems. It’s not just speculation – it’s about a fundamental change in the region’s financial infrastructure.

Specific Steps for Institutions

Saylor proposed a pragmatic implementation path. Wealth funds should begin accumulating Bitcoin as a strategic asset. At the same time, the banking sector must evolve – financial institutions should hold Bitcoin in their reserves, develop credit products secured by this asset, and launch digital currency solutions supported by Bitcoin.

Mainstreaming Bitcoin in the Traditional System

Importantly, Saylor pointed out the changing attitude of regulators and banking institutions in the United States. The mainstream of the American financial system is gradually positioning Bitcoin as “digital gold” – an asset similar in nature to traditional precious metals, worthy of holding in reserves and long-term portfolios.

This vision suggests that the Middle East can not only adopt new technology but also become a pioneer in integrating Bitcoin with the traditional financial sector on a scale that other regions will only begin to observe.