{"id":62647,"date":"2025-12-09T15:16:32","date_gmt":"2025-12-09T15:16:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=62647"},"modified":"2025-12-09T15:16:32","modified_gmt":"2025-12-09T15:16:32","slug":"michael-saylor-pitched-bitcoin-to-every-middle-east-sovereign-wealth-fund","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=62647","title":{"rendered":"Michael Saylor Pitched Bitcoin To \u2018Every\u2019 Middle East Sovereign Wealth Fund"},"content":{"rendered":"
\n

In a fireside chat with Metaplanet CEO Simon Gerovich at BTC MENA 2025, Michael Saylor turned a technical conversation about Bitcoin treasuries into a direct pitch to the Middle East\u2019s sovereign wealth funds and banks, outlining how a nation or large financial institution could attract tens of trillions of dollars and become the \u201cSwitzerland\u201d of digital capital.<\/p>\n

Saylor and Gerovich began by framing Bitcoin as \u201cdigital capital.\u201d As Saylor put it, \u201cOur company pursued a strategy of accumulating digital capital. Bitcoin is digital capital. What do you do when you have capital? You issue credit against it.\u201d Both MicroStrategy and Metaplanet <\/a>are building balance sheets of Bitcoin and then issuing perpetual preferred instruments as \u201cdigital credit\u201d backed by that capital.<\/p>\n

Gerovich described Japan as a massive but yield-starved market. \u201cThere\u2019s $7 trillion of cash sitting on personal bank accounts, bank balance sheets earning nothing, and corporates have another $4 or $5 trillion.\u201d A Japanese family that puts money in the bank gets \u201czero.\u201d Even as deflation fades, investors remain \u201caccustomed to zero\u201d and are \u201cdesperately looking for yield.\u201d<\/p>\n

Metaplanet\u2019s answer is to connect that idle capital to Bitcoin. It launched \u201cMercury,\u201d a perpetual preferred paying 4.9% in yen with convertibility into equity, which Gerovich called \u201cprobably one of the cheapest call options on Bitcoin out there.\u201d Its follow-up product, \u201cMars\u201d \u2013 Metaplanet Adjustable Rate Securities \u2013 is designed as a high-yield, Bitcoin-backed instrument that Japanese investors can hold in their securities accounts as a kind of supercharged bank deposit.<\/p>\n

Inside Saylor\u2019s Bitcoin Talks With Sovereign Funds<\/h2>\n

Saylor used this as a template for the Middle East, explaining that he has been on an intensive tour of the region\u2019s power centers. \u201cI\u2019ve been meeting with all the sovereign wealth funds. I\u2019ve been meeting with, I don\u2019t know, 50, 100 different investors, hedge funds, family office investors\u2026 I\u2019ve been meeting with regulators in every jurisdiction.\u201d His message is \u201cvery, very straightforward\u201d: \u201cWe now have digital capital. Bitcoin is digital capital, is digital gold.<\/a> On top of digital capital, we have a new asset class called digital credit. Digital credit strips the volatility from the capital and provides yield, income.\u201d<\/p>\n

To illustrate the appeal, he contrasted capital and credit. Giving a child $1 million of Manhattan land is pure capital with no cash flow. \u201cOr you can give them a credit instrument that pays them $10,000 a month forever, starting now. And so most people want the credit instrument. They don\u2019t want the capital instrument\u2026 They\u2019d rather have 10% non-volatile than 30% volatile with no cash flows.\u201d Treasury companies like MicroStrategy and Metaplanet \u201cexist to convert capital into credit.\u201d<\/p>\n

Saylor then laid out the blueprint for any ambitious bank in the region: \u201cHave the bank custody Bitcoin. Everybody talks about self-custody. Self-custody for the bank in the country. Buy Bitcoin, have your bank custody the Bitcoin, and then start to offer credit networks on top of the Bitcoin.\u201d If a national bank extends loans such as \u201cSOFR plus 50 basis point loans on Bitcoin,\u201d he argued, then as Bitcoin\u2019s market grows from $2 trillion to $20 trillion, that bank could attract \u201c5% or 10% of it,\u201d pulling in \u201ca trillion dollars or a few trillion dollars\u201d simply because \u201cmost big conventional regulated banks don\u2019t handle Bitcoin.\u201d<\/p>\n

The \u201cbiggest idea\u201d is to turn Bitcoin-backed credit into a bank account that outcompetes the entire global deposit system. By taking digital credit instruments like Stretch<\/a> or Mars, placing them in a fund that is mostly credit with a currency buffer and reserve layer, Saylor envisions a regulated account that pays around 8% with \u201cvol of zero.\u201d In that setup, \u201cI wire you my billions of dollars or tens of billions of dollars, and you pay me 8% interest every day, zero vol, in a regulated bank, powered by digital credit, which is in turn powered by a treasury company with 5x as much digital capital, over-collateralized.\u201d<\/p>\n

In such a regime, he argued, \u201cyou could presumably attract 20 trillion dollars or 50 trillion dollars.\u201d For depositors, \u201cthe perfect product is a bank account with zero volatility that pays you 400 basis points more than the risk-free rate in your favorite currency.\u201d For Saylor, that account is \u201cthe lightsaber of money, the laser beam of money, the nuclear fusion reactor of money.\u201d<\/p>\n

He framed it as an open race: \u201cThe question is, who wants to be the Switzerland of the 21st century and attract all the money in the world?\u201d In his view, \u201cthe answer is going to be whoever appreciates money the most, wants the money the most, that understands technology the best, that is willing to take a courageous stance of conviction with a degree of clarity,\u201d he said.<\/p>\n

He concluded: \u201cThat is the opportunity, and all the conversations have been extraordinarily energetic, enthusiastic, and I couldn\u2019t be more excited. I think it will happen somewhere in this region. We\u2019ll see where.\u201d<\/p>\n<\/p>\n

At press time, Bitcoin traded at $90,164.<\/p>\n

\"Bitcoin<\/div>\n","protected":false},"excerpt":{"rendered":"

In a fireside chat with Metaplanet CEO Simon Gerovich at BTC MENA 2025, Michael Saylor turned a technical conversation about Bitcoin treasuries into a direct pitch to the Middle East\u2019s sovereign wealth funds and banks, outlining how a nation or large financial institution could attract tens of trillions of dollars and become the \u201cSwitzerland\u201d of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-62647","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/62647","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=62647"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/62647\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=62647"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=62647"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=62647"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}