>About 60%+ of market activity is in the USA: https://www.statista.com/statistics/1195753/bitcoin-trading- https://www.statista.com/statistics/1195753/bitcoin-t

>About 60%+ of market activity is in the USA: https://www.statista.com/statistics/1195753/bitcoin-trading- https://www.statista.com/statistics/1195753/bitcoin-trading-... I don't know where that report got its numbers from but they're bullshit; the majority of trading takes place in unregulated exchanges (that explicitly ban US customers) like Binance and Huobi: https://www.statista.com/statistics/864738/leading-cryptocurrency-exchanges-traders/ https://www.statista.com/statistics/864738/leading-cryptocur.... In large part because the US exchanges charge outrageous fees. The US exchanges are popular with large corporates because there's less counterparty risk, but the majority of retail volume is traded outside the US, on exchanges not hosted by US allies. Plus, China is actively subsidising miners, and is deliberately supporting the crypto ecosystem due to its potential to further destabilise the US dollar's role as global reserve currency.