You're probably right, but the CURRENT situation that's happening TODAY is the United States has already started a movement through their Strategic Bitcoin Reserve agenda. It may not show in the price of Bitcoin now, but the most powerful nation-state in the world HODLing Bitcoin? BULLISH!
Other nation-states will follow, or have followed, OR have started a plan BEFORE the United States. A Russian minister has already talked about Bitcoin publicly saying that if Russia uses Bitcoin "who can stop those transactions"?
The United States already has bitcoin reserves but it is too early to say that other countries will follow suit and the bitcoin reserve movement will soon explode worldwide.
Trump signed an executive order to create a strategic bitcoin reserve, but there is a catch: after he leaves office and another administration takes over the White House. They could easily repeal Trump's "strategic bitcoin reserve" order with just a new executive order. That is why we have not seen many countries showing enthusiasm and wanting to follow what the United States is doing.
Strategic national reserves are essentially required to be approved by Congress and are held by the Federal Reserve, not by the government. It's called the "bitcoin act" and as long as we don't have a "bitcoin act" we can't dream of a global bitcoin reserve movement.
If that truly happens, then it would ABSOLUTELY be VERY LAUGHABLE because do you remember Germany? In what price-point did their government sell Bitcoin during 2024? I believe they sold about $2 BILLION in Bitcoin, and what did Bitcoin do a few months later? What will it do a few years later? It will SURGE.
You may be right that the United States might change their policies, but that will definitely NOT stop Bitcoin from the journey to surpass Gold.