Strategy founder urges nations to adopt high-yield, Bitcoin-backed bank accounts

Strategy co-founder Michael Saylor has urged countries to create high-yield bank accounts backed by BTC, Cointelegraph reports. Speaking at the Bitcoin MENA event in Abu Dhabi, Saylor argued that investors are turning away from traditional bank deposits because of low returns, contrasting the near-zero yields in Japan, Europe, and Switzerland with the 1.5% and 4% rates on euro and U.S. money market funds, respectively. He proposed that banks could offer accounts that primarily invest in digital credit products to provide investors with higher yields than standard deposits, while holding BTC as collateral to ensure the accounts' safety. Saylor emphasized that nations offering such accounts could attract between $20 trillion and $50 trillion in new capital.