True, but like in many things, it makes up a significant amount of the the market. What happens in the US will affect the market rate worldwide.

Got me curious now, indeed a lot of people in the US have crypto however on the big scale the US is just a small fraction Of all crypto holders.

Assuming that in a lot of these countries crypto is no big issue and others have long banned it and still a huge adoption I really doubt the US alone would make a huge lasting dent banning it.

* https://triple-a.io/crypto-ownership-data/

Focusing strictly on the number of users tells only a small story, as a "user" can hold the tiniest percentage.

Overall value by country tells a more complete story; the US by far has the highest value traded.

https://originstamp.com/blog/the-top-10-countries-that-use-c...

https://www.statista.com/statistics/1195753/bitcoin-trading-...