Yes, I think this is the initial stage, because as far as I know, the previous US president wasn't very pro-Bitcoin or cryptocurrency. So, with this in mind, the American public was certainly quite reluctant to invest in Bitcoin. But now that the US is back under the leadership of Donald Trump, who is arguably very pro-Bitcoin and cryptocurrency, this has re-opened the American public's perception to buying Bitcoin or other cryptocurrencies. So, I think with this in mind, the number of people owning Bitcoin in the US is essentially still in the early stages or the adaptation phase. So, next year, Bitcoin usage in the US is likely to increase rapidly. Essentially, the US government is currently very friendly towards Bitcoin and cryptocurrency. So, with this in mind, the American public will certainly be more open about owning Bitcoin or other cryptocurrencies.
Governments play a big role on how it's citizens react to cryptocurrency, if a government is pro Bitcoin it will be easier for it's citizens to adopt it rather than when the government is not Bitcoin friendly, many people will be skeptical. As you said the previous American presidents were not crypto friendly and that could be a major reason that affected Bitcoin ownerships then but now that Trump, is arguably crypto friendly I believe that the percentage of Bitcoin holders in the US will be increasing. In this regard I can say that the US Bitcoin adoption would be somewhere in it's early stage because their current president is crypto friendly compared to his predecessors.
If you think that just because Trump is a pro Bitcoin president and because of him Americans are more confident in investing in Bitcoin and consider this as the early stages. What do you think, if bitcoin friendly policies can be removed and reversed if the new administration is not bitcoin friendly? This is very common in the US, a country with highly polarized politics that can change at any time. So what do we call that stage and is it still an early stage?
In my opinion, bitcoin adoption is no longer in its early stages and it is not up to the government, because of the development of technology and the internet today. I believe everyone in the world already knows about it but many people still haven't invested in bitcoin because of many factors like volatility, manipulation, relatively new asset, not just because of the government.
Bitcoin has not been illegal in my country for many years, but there are still many people who are not interested and want to invest in it. Some people think bitcoin is too volatile, while others think investing in bitcoin is too complicated. There are many reasons why people don't invest in bitcoin.
