40% of financial markets but how does that correlate to bitcoin ownership? 1,000,000+ is currently about 5.3% and another 45% based on some SV and wal streeters having private stacks. Most nodes run over Tor so how do you know they are in US and having a lot of nodes doesn’t equate to a big stack either? And most mining in the past was done in China so I’d say it is likely that Chinese ownership is likely greater that American.