Here’s why I think over 80% of all Bitcoin holders live in the U.S
- When U.S banks have issues, price moves. When the Fed raises rates, price reacts.
- When European banks fail, price hardly
move. When ECB raises rates, price is flat.
Discussion
A couple of alternative perspectives:
US holders have more money, so even if they’re not 80% of holders, they may hold 80% of the value.
US Fed rates determine rates around the world. Can’t expect other central bank moves to have as much impact. They are mostly just reacting to what the fed does