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The US stock market represents 42% of the entire worlds stock market at 42 TRILLION dollars, followed by
EU 11% ,
China 9%
https://www.visualcapitalist.com/the-109-trillion-global-stock-market-in-one-chart/
ETc.. etc..
Basically the other equity markets are child's play. The sheer amount of capital sloshing around in the US market is honestly insane !
The big buyers, the whales, aren't swimming around on coinbase or in Canada's stock market. They are on the US stock market. You aren't putting billion's of dollars into one of the sketchy exchanges as we've seen how reliable many of them are.
.
Think about the type of buyer that is on ebay vs sotheby's
Sotheby's has art buyers that pay 100s of millions for ART. Ebay does not have that type of buyer.
The market MATTERS.
Lets consider the US stock market Sotheby's , and crypto exchanges/other non US stock markets Ebay.
(i stole this analogy from a previous post here can't remember who tho, so sorry for not giving credit)
With the introduction of the Bitcoin SPOT ETF, a super highway is being created where these types of buyers will now have the option to move BILLIONS of capital into Bitcoin through traditional regulated financial rails on the largest Equity market in the world.
Buckle UP, I don't know where this is heading but its surely going to be interesting.
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