I am from the United Arab Emirates and the truth is that there is not much interest in Bitcoin or cryptocurrencies. In my small community, less than 1% of those I know have invested in Bitcoin, most of them after Elon Musk’s tweets.
Did you mean the tweet of Elon Musk in last bull run likely in 2020 or 2021?
Here there are no taxes and it is easy to establish a company, especially in the field of real estate and contracting. You can buy an apartment or start a small business and you will get a good return on investment, so there is no interest in Bitcoin.
Free tax is very good policy to attract foreigners to Middle East to live there or run their companies there. Many Bitcoin and blockchain conferences hosted in Middle East nations recent years.
Most investors buy between 1-3 bitcoins and leave them as a long-term investment, and few are interested in mining or trading.
1 - 3 bitcoins is too much with many people and if any person can have 1 to 3 bitcoins in their non custodial wallets, they have a fortune for future.
More addresses with 1+ BTC since 2021.
https://www.lookintobitcoin.com/charts/addresses-greater-than-1-btc/