If Bitcoin was supposed to be the Globalist One World Currency to track, watch, & control the population, & China was going to be the Global Police Force to punish criminals WW, then the US taking over as the biggest holder & miner of Bitcoin means we are actively tracking the black market & any bad actors trying to crash the market.
The US doesn't have the best record in recent history but all in all, the world should be relieved China isn't in charge. It's no coincidence that China banned bitcoin mining in 2021 & the US took over. Handoff.
Now Bitcoin & crypto moves in parallel with the US markets. That never happened before. The creation of crypto ETF's seem more like a device to keep everyone honest. Just my .02.