Bitcoin is a deflationary asset. You already have a big chunk of the float in the hands of a very very few people. If they were serious about replacing fiat, you’d come up with a currency that’s inflationary and one that tracks pace of innovation. USD derives most of if not all of its entire value from...US military. No one is going to go to war to save bitcoin. NO ONE.
I certainly don’t believe it’s good or bad. It’s more of a cultural phenomenon. US is also a cultural melting pot and they benefit a great deal from being open commercially as well.
Think one of the key advantages Japanese (and other East Asian) companies have over the US/EU counterparts is that they have very strong national sentiments. You saw this with Nissan debacle. Same with a couple of Korean companies. All the more reasons to believe that the Chinese market is simply a mirage for Western companies.