I think that such low percentage of people who owe Bitcoin is not specific for US only. Similar situation is in most countries and realativley small number of people in world is using Bitcoin because many people are not familiar with Bitcoin or cryptocurrencies in general at all. That might sound incredible to people from Bitcoin community who maybe have the feeling that everyone is using Bitcoin but that is reality.
What we need is much better promotion and education about cryptocurrencies, we need to encourage people to use crypto and to trust it. That is not a case now, at least not for majority.
I've previously shared my thought that Satoshi didn't think this through in Whitepaper. After all, it was possible to make a certain percentage of each block go to the account of a specially created center. And this center was engaged in promoting bitcoin among the population. Then we would have now not 6.2 percent, but all 100.
An interesting idea. I think the issue of 6.2 percent is not the problem. USA has made some difficult tax laws regarding bitcoin.
They handicapped it after 2017. That big run-up scared some old school rich guys so they made restrictive tax rulings for 2018 and on.
BTC does not work for the little guy in the USA with the new rules.
It is okay for wealthy people as you can safely stash 5 wallets with 10 BTC in each and if you need to leave America you have some wealth to access.
Every sale or use in the USA of BTC is tax reportable. So it can be a hassle to use it.
Ie if I sell 50 items and buy 50 items a year in the marketplace here. That is 100 reportable events and it creates a lot of paperwork.
Worse coin to coin trades are reportable if I do 5 trades a day that is 1825 reportable events. Plus if I trade 1 btc for 150 ltc on some exchanges it will micro report the trade. so that single order may take 300 ½ ltc moves to do which means even though I did 1 trade of btc to ltc it will need 300 entries each one will need to be calculated for possible capital gains. This is a fucking killer for a day trader in the usa.