Europe has long been heavy handed with their regulations but that doesn't stop a math equation.
The game theory of bitcoin holdings is just getting started. Large companies and nation states are just starting to enter the ring. Let's see which European nations decide to open up their economies to the best money in history.
I don't think the US will do anything meaningful anytime soon but if they do, I don't think Europe will stand by completely idle while the rest of the world adopts a system that greatly benefits their people.
Only time will tell but as long as we can self-custody our own sats, the ECB and Lagarde will do everything to stifle EU bitcoin adoption.