I think you are not right in this. American businesses "just started" seeing Bitcoin as a good investment (yes, let's allow them some inertia, plus they will actually buy ETF, but still...)
I don't say that the US market is completely saturated. There's of course still some margin to grow. But this margin is much higher in other nations.For example, it would be much bigger news than any measure in the US, if: 1) China legalized Bitcoin exchanges on the mainland or even in more special economic zones than just HK 2) India lowered the crypto capital gains taxes.
I keep telling about businesses and you keep focusing on individuals.
Sooner or later all US companies will see Bitcoin as something better than Apple stocks.
Quite a big part of the rest of the world is copying America, so if America starts signaling the wrong direction... there may be a problem. (PS. America is not POTUS).
Where? There are a lot of things for example European and Asian nations and also for example Canada do very, very differently from the US, and very successfully.One could even argue that the US copied the concept of Bitcoin ETFs from other nations, actually some UK dependencies and Brazil were first
I think also that for example Europe would copy much less from a Trump-led America.
...And although I said no POTUS, it took you only 3 lines to get to Trump.
My point was that the businesses over the world are eyeing what American businesses' stance is vs Bitcoin. And imho it's not that important who were the first, it's more important where is this done at a larger scale.
I will come with maybe not a great example: the American banks' subprime game. The 2000 crisis has shown how many banks have followed American banks' "strategy".